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The Economies of Japan, South Korea, North Korea, China, and India

The Economies of Japan, South Korea, North Korea, China, and India. What type of economic system is used in Japan, South Korea, North Korea, China, and India? What are the major imports/exports or Japan, South Korea, North Korea, China, and India?

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The Economies of Japan, South Korea, North Korea, China, and India

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  1. The Economies of Japan, South Korea, North Korea, China, and India What type of economic system is used in Japan, South Korea, North Korea, China, and India? What are the major imports/exports or Japan, South Korea, North Korea, China, and India? Who has the highest/lowest standard of living amongst Japan, South Korea, North Korea, China, and India?

  2. Japan Japan uses a mixed economic system. More private than government control of economy.

  3. Japan Japan’s main economic activities include the production of automobiles, heavy machinery, chemicals, electronics, and steel.

  4. Japan Major Imports include steel, plastic, food products, and fossil fuels. Major Exports include automobiles, tele-communications, and electronics.

  5. Japan GDP: $5.4 trillion GDP per capita: $42,500 Literacy Rate: 99% Life Expectancy: 82.3 years World Economic Rank: 3rd

  6. South Korea South Korea has a mixed economy. More private than government control of economy.

  7. South Korea South Korea’s main economic activities include the production of electronics, automobiles, and chemicals as well as shipbuilding and textiles.

  8. South Korea Main imports include machinery, fossil fuels, steel, chemicals, and plastics. Main exports include automobiles, electronics, computers, steel, and ships.

  9. South Korea GDP: $1.5 trillion GDP per capita: $30,200 Literacy Rate: 98% Life Expectancy: 79.05 years World Economic Rank: 15th

  10. North Korea North Korea uses a command economic system. Total government control of economy.

  11. North Korea North Korea’s main economic activities include mining and the production of weapons.

  12. North Korea Main imports include oil, coal, machinery, textiles, and grains. Main exports include minerals,weapons, and fishery products.

  13. North Korea GDP: $26.2 billion GDP per capita: $1,900 Literacy Rate: 99% Life Expectancy: 68.9 years World Economic Rank: Unranked

  14. China China uses a mixed economic system. More government than private control of economy.

  15. China China’s main economic activities include mining and ore processing as well as the production of machinery, toys, textiles, fertilizers, chemicals, and weapons

  16. China Main imports include electronics, fossil fuels, medical equipment, metals, and plastics. Main exports include electronics, textiles, steel, and medical equipment.

  17. China GDP: $10.08 trillion GDP per capita: $7,518 Literacy Rate: 91.6% Life Expectancy: 74.7 years World Economic Rank: 2nd

  18. India India uses a mixed economic system. More private than government control of economy.

  19. India India’s main economic activities include telecommunications, information technology, and the production of textiles, chemicals, and transportation equipment.

  20. India Main imports include oil, precious stones, machinery, and steel. Main exports include petroleum products, jewelry, fertilizer, chemicals, and steel.

  21. India GDP: $4 trillion GDP per capita: $3,290 Literacy Rate: 61% Life Expectancy: 66.8 years World Economic Rank: 11th

  22. Review Questions1. Which country’s economy is totally controlled by the government? 2. Which country has a mixed system with more government control than private control of the economy? 3. Which country has the highest standard of living? The lowest?

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