South and East Asia Economic Systems

Type of Economy

-Mixed, some market

-Consumer products, agriculture

-60% private owned, 40% state
owned

-Four moderations-increase in
investment capital goodsindustrial and agricultural
equipment
-Problems-pollution

-Exports manufactured
goods to other countries
-Food production for
Chinese citizens
-Problems-overpopulation

-Mixed, more market

-Agriculture, technology, service

industry
-Problems-corruption in starting
a business

-Increasing educated workforce

in computer science
-Modernizing farming
techniques and industry
-Problems-pollution

-Technology and service

industry for other countries
-Food production for Indian
citizens
-Problems-overpopulation,
poverty, low literacy rate

-Mixed, mostly
market

-Does not have many natural

materials, so they specialize in
technology and industry to save
money
-Must import food

-Companies invest in capital

goods
-Investment in human capitalhigh literacy rate, strong work
ethic

-Major exporter due to high

quality goods
-Population has high
standard of living
-Competition from China
and South Korea

-Mostly Command

-Government decides
-Low food production because
government run farms receives
aid from other countries
-Some heavy industry

-Government decides

-Exports natural resources

-Problems -Spends a large
amount on military (limiting
goods to North Korean
people)
-UN sanctions due to

China

India

Japan

North Korea

How these countries answer the basic economic questions:

What to produce?
How to produce?
For whom to produce?

nuclear weapon production