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Asia in the 21 st Century. People’s Republic of China. Government : Type: Communist State Leader: President Hu Jintao (2003). Economy : Type: Command Economy ( w/market reforms ) GDP: 10 trillion GDP Rank: 2 nd Industries : Steel (topped U.S. as largest steel exporter)
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People’s Republic of China Government: • Type: Communist State • Leader: President HuJintao (2003) Economy: • Type: Command Economy(w/market reforms) • GDP: 10 trillion • GDP Rank: 2nd • Industries: Steel(topped U.S. as largest steel exporter) • Apparel(costs less due to low labor prices) • Chemicals(fertilizers/plastics/fibers) • Machinery, Electronics, Transportation
Current Events & Issues • #1 Economy Soon estimated to be top economy by 2027 • Worlds Largest Exporter Topped U.S. in 2010 • Worlds Largest Creditor U.S. owes est. 1.16 trillion to China (U.S. Treasury Dept.) • Currency Manipulation at odds with the West • Human Rights violations irritate the West; high rate of poverty (avg. salary $4,260 a year) • Oil Demand rising demand = higher prices worldwide Gateway to Imperial City Great Wall of China Terra Cotta Statues
Japan Government: • Type: Parliamentary Govt. w/ Constitutional Monarchy • Leader: Prime Minister Naoto Kan (2010) Economy: • Type: Mixed Economy • GDP: 4.31 trillion • GDP Rank: 3rd • Industries: Technology(Sony, Panasonic, Toshiba, etc.) • Motor Vehicles (Nissan, Toyota, Honda) • Fishing (15% of worldwide catch) • Others: (Machinery, Textiles, Processed Foods)
Current Events & Issues • Debt national debt stands at 200% of GDP • Lack of Natural Resources island/limited resources • Political Instability Since 2006, Japan has had six different prime ministers, none serving more than two years • Electronic Industry largest in the world • Aging & Shrinking Population Est: by 2060, Japan will have 87 million people, down from today's 128 million • Disaster Recovery 2011 earthquake & tsunami • High Suicide Rate highest in the world Imperial Palace Temple & Mt. Fuji Tokyo Govt. Building
India Government: • Type: Federal Republic • Leader: Prime Minister Manmohan Singh (2004) Economy: • Type: Open Market Economy • GDP4.06 trillion • GDP Rank: 9th • Industries: Small Car Manufacturing, • Bollywood(larger value than Hollywood) • Software and Telecommunications(outsourcing) • Others: Mining, Food Processing Machinery
Current Events & Issues • India v. Pakistan nuclear arms & political disputes • Kashmir land dispute between India, China, & Pakistan • Overcrowding world’s 2nd largest population (est. by 2030 to be largest in world) • Social Issues Large wealth gap(avg.income=$1,300 a year) Poverty (41% live on less than $1 a day) Poor Sanitation (cause of 1 in 10 deaths) Caste bias & Little access to education Inadequate infrastructure (squatters) The TajMahal Varanasi (religious capital) QutabMinar
South Korea Government: • Type: Republic • Leader: President Lee Myung-bak (2008) Economy: • Type: Mixed Economy • GDP: 1.46 trillion • GDP Rank: 15th • Industries: Electronics and High-Tech Industry • Automobile Manufacturing (Kia) • Telecommunications • Chemical, & Steel
Current Events & Issues • North v. South military, border, & political disputes • Economic Growth recovery from 2008 recession • Free Trade Agreement signed in 2011 with U.S. • Rapidly Aging Population nearly 10% is 65 or older • Heavy Reliance on Exports 50% of GDP Bridge of No Return (DMZ) Great Southern Gate (Seoul) Gyeongbokgung Palace
North Korea Government: • Type: Communist State • Leader: Dictator Kim Jong Un (2011) Economy: • Type: Command Economy • GDP: 40 billion • GDP Rank: 91st • Industries: Military Products (weapons and supplies) • Machinery, Textiles,& Food Processing • Mining andChemicals
Current Events & Issues • North v. South military, border, andpolitical disputes • Militarized Nation Population of 5 million people and 9.5 million are in the military • Economic Problems food shortages, underinvestment, high military spending, fuel shortages • Leadership Change Kim Jong Il died Dec. 2011 • Human Rights & Poverty malnutrition, famine, poor living conditions, no civil rights • Ally with China economic and political support Rugen Hotel, Pyongyang Kim Jong Il Statue Military Parade
Vietnam Government: • Type: Communist State • Leader: Prime Minister Nguyen Tan Dung Economy: • Type: Command Economy • GDP276 billion • GDP Rank: 43rd • Industries: Textiles, Apparel, & Shoes • Machinery & Mining, • Food Processing & Mobile Phones
Current Events & Issues • Economic Reforms restructure public investment, state-owned enterprises, & banking sector • Fast Growing Economy hurt by worldwide recession • High Inflation avg. 18% in 2011 • Human Trafficking sex trade and forced labor • Human Rights Violations little civil liberties Islands in Halong Bay Ho Chi Minh’s Tomb Gateway to Temple of Lit.
Myanmar Government: • Type: Unitary Presidential Republic • Leader: President TheinSein(2010) Economy: • Type: Market Oriented Economy • GDP51.9 million • GDP Rank: 76th • Industries: Rice Cultivation • Precious Stones(sapphires,rubies,jade,pearls)
Current Events & Issues • Poor Nation one of the poorest nations in Asia • Social Problems corruption, inadequate infrastructure, little education, human rights violations • Political Transition military rule (1962-2011) civilian govt. elected 2010 • Healthcare worst system in the world (rated 190 by W.H.O.) • Reforms AungSan SuuKyiwins seat in parliament Stilt Houses (Lake Inle) Rice Cultivation
Indonesia Government: • Type: Republic • Leader: President SusiloBambangYudhoyono (2004) Economy: • Type: Market Economy • GDP1.03 trillion • GDP Rank: 18th • Industries: Apparel and Footwear • Mining, Petroleum and Natural Gas • Rubber and Food
Current Events & Issues • Fast Growing Economy recovered worldwide recession; back at a 6% growth rate (2010-11) • Social Problems poverty, unemployment, corruption, inadequate infrastructure • Environment natural disaster threat and protecting the environment • Border Security terrorism & Islamic fundamentalism Jakarta (business center) Borobudar Temple, Java 1 or Indonesia’s 17,000 islands
Taiwan Government: • Type: Democracy • Leader: President Ma Ying-jeou (2008) Economy: • Type: Mixed Economy • GDP821 billion • GDP Rank: 24th • Industries: Electronics • Petroleum, & Chemicals,& Steel • Machinery & Textiles,
Current Events & Issues • Diplomatic & Economic Isolation split w/China • Low Birthrate 1 child per women lowest fertility rate in the world • Rapidly Aging Population 10.9% of population over 65 • Large Trade Surplus & Foreign Reserves • China & Taiwan Relationship volatile but growing Memorial Hall (Taipei) Sun Moon Lake (Nantou) National Palace Museum
Thailand Government: • Type: Constitutional Monarchy • Leader: Prime Minister AbhisitWetchachiwa (2008) Economy: • Type: Free Enterprise Economy • GDP821 billion • GDP Rank: 30th • Industries: Textiles & Apparel • Tourism • Light Manufacturing, Tungsten, & Tin
Current Events & Issues • Fast Growing Economy hurt by worldwide recession (double-digit drop) but growth (4% in 2011) • Violence separatist violence in Muslim south • Border Dispute w/Cambodia • Drugs drug money laundering • Human Trafficking sex trade and forced labor Statue of King Rama IV in (Bangkok) Wat Pho (Bangkok) Grand Palace (Bangkok)