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Asian Economy

Asian Economy. Erin Drill Wyatt Hammell Emily Pieper. CHINA. AN ECONOMIC FORCE. The Size of the economy. 2 nd largest economy after the US (3.249 trillion) It went through many economic reforms in the 1970’s which jump-started the economy

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Asian Economy

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  1. Asian Economy Erin Drill Wyatt Hammell Emily Pieper

  2. CHINA AN ECONOMIC FORCE

  3. The Size of the economy • 2nd largest economy after the US (3.249 trillion) • It went through many economic reforms in the 1970’s which jump-started the economy • It has been growing at nearly 10% every year since 1979 • Still a lot of government-controlled businesses • The government is looking to raise interest rates to keep the market from overloading with cash flows from foreign investment (a tighter monetary policy • High level of unemployment in rural areas

  4. Current Status • Percent of GDP

  5. Where to start business?

  6. Future Concerns • Slowing Growth • The Olympics (Silver Iodate) • Cutting Emissions (2nd largest importer of oil) • Pollution • Human Rights (Tibet, protesters) • Local Farmers angry at local and state officials for taking their land for economic development • Corruption • Aging Population (due to one child policy)

  7. Future concerns Cont. • Competing with India • Rocky Relationship with the US

  8. HONG KONG

  9. Overview • One of the Asian Tigers to see tremendous growth after WWII • Service Industry account for 91% of GDP • Average growth rate has been around 5% • GDP of 203 billion • The world’s freest trade country • Very dependent on trade (only six times the size of DC) • Limited Government Control

  10. Relationship with China • China’s accounts for 49% of exports • Trade has been increasing with China nearly 9.2% increase in the past year • Largest foreign investment for China • China is Hong Kong 2nd largest foreign investment • More Integration with China due with trade and tourism • China still has some control over Hong Kong’s government (Military control)

  11. Hong Kong & Singapore GDP Growth

  12. Starting a business in East Asia

  13. Protecting Investors

  14. India

  15. Past Economy • Long held 2nd largest economy • Largest economy • Rule of British colonies

  16. Present Economy • Since 1997 • Recent GDP growth • Intelligence expansion • GDP • GDP official exchange rate • GDP growth rate • GDP per capita • Population below poverty

  17. Current Political Status • Federal Republic • Legal system

  18. Miscellaneous • Exchange rate  USD • Imports • Exports • Revenues • Expenditures

  19. GDP Composition

  20. South Korea

  21. Past Economy • Poorest  richest • 1990’s • Military Rule  civilian president

  22. Present Economy • Trillion Dollar Club • Export growth • Inflation/unemployment relevant to rising oil price • GDP • GDP official exchange rate • GDP growth rate • GDP per capita • Population below poverty line

  23. Current Political Status • Republic government • Political system • Lee Myung-bak

  24. Miscellaneous • Exchange rate  USD • Imports • Exports • Revenues • Expenditures

  25. GDP Composition

  26. Japan Past Economy • In the late 1990s, Japan Economy suffered its longest recession since World War II.

  27. Japan • GDP (purchasing power ):$4.417 trillion • GDP (official exchange rate):$5.103 trillion • GDP - real growth rate:1.9% • GDP - per capita : $33,800 • Exchange rate: yen per US dollar-117.99 • GNP Japan $4,852 per capita is $38 • Japan is the world's second-largest economy by real GDP, nominal GDP and by market exchange rates

  28. Imports • China 20.5%, US 12%, Saudi Arabia 6.4%, UAE 5.5%, Australia 4.8%, South Korea 4.7%, Indonesia 4.2% • machinery and equipment, fuels, foodstuffs, chemicals, textiles, raw materials

  29. Exports • US 22.8%, China 14.3%, South Korea 7.8%, Taiwan 6.8%, Hong Kong 5.6% • transport equipment, motor vehicles, semiconductors, electrical machinery, chemicals

  30. Singapore • GDP (purchasing power)$222.7 billion • GDP - real growth rate: 7.5% • GDP - per capita:$48,900 • Exchange rate: Singapore dollars per US dollar - 1.507

  31. Imports • Imports – partners: Malaysia 13%, US 12.7%, China 11.4%, Japan 8.3%, Taiwan 6.4%, Indonesia 6.2%, South Korea 4.4% (2006) • machinery and equipment, mineral fuels, chemicals, foodstuffs

  32. Exports • Exports – partners: Malaysia 13.1%, US 10.2%, Hong Kong 10.1%, China 9.7%, Indonesia 9.2%, Japan 5.5%, Thailand 4.2% • machinery and equipment (including electronics), consumer goods, chemicals, mineral fuels

  33. References • https://www.cia.gov/library/publications/the-world-factbook/print/ja.html • https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html • https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html • http://www.indexmundi.com/g/g.aspx?c=sn&v=66 • http://www.indexmundi.com/g/g.aspx?c=ja&v=66

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