The Economies ofEast Asia

The Economies ofEast Asia

Chapter 24, Section 3Pg. 712-715

Chapter 24, Section 3Pg. 712-715

Economies of the RegionEconomies of the Region

•Since WW II, Asia’s markets have grown.

• Japan has one of the strongest economies in the world - #3 GDP.

•China, Japan, Taiwan, and South Korea all export to the U.S.

•North Korea - poor economy - Why?

•Since WW II, Asia’s markets have grown.

• Japan has one of the strongest economies in the world - #3 GDP.

•China, Japan, Taiwan, and South Korea all export to the U.S.

•North Korea - poor economy - Why?

The World’s Largest Textile Industry...

The World’s Largest Textile Industry...

China’s EconomyChina’s Economy

•China’s government controls most of the economy - it is changing each day.

•Largest producers of cotton cloth.

•Machine building, metal production, chemical fertilizers and clothing.

•China’s government controls most of the economy - it is changing each day.

•Largest producers of cotton cloth.

•Machine building, metal production, chemical fertilizers and clothing.

China Car MarketChina Car Market

China’s Economy Continued...

China’s Economy Continued...

• Many people farm traditionally.

• Much of the land in China cannot be farmed.

• World’s largest producer of rice.

Major producer of wheat, corn, soybeans, peanuts, cotton and tobacco.

• Many people farm traditionally.

• Much of the land in China cannot be farmed.

• World’s largest producer of rice.

Major producer of wheat, corn, soybeans, peanuts, cotton and tobacco.

China’s Smoking Addiction

China’s Smoking Addiction

Other East Asian Economies

Other East Asian Economies

• Taiwan - manufacturing and foreign trade, heavily invested into China – Why is this so interesting?

• North Korea - Coops and iron, steel, machinery, chemical, and textile production.

• South Korea - Electronics, appliances, textiles, cars (KIA & Hyundai).

• Japan - very little farmland and natural resources = skilled labor force that builds ships, cars, steel, plastics, cameras - U.S. is the biggest customer (Sony & Toyota)

• Taiwan - manufacturing and foreign trade, heavily invested into China – Why is this so interesting?

• North Korea - Coops and iron, steel, machinery, chemical, and textile production.

• South Korea - Electronics, appliances, textiles, cars (KIA & Hyundai).

• Japan - very little farmland and natural resources = skilled labor force that builds ships, cars, steel, plastics, cameras - U.S. is the biggest customer (Sony & Toyota)

Learning to Drive in China...

Learning to Drive in China...