ASIAN ECONOMYErin Drill

Wyatt HammellEmily Pieper

CHINA

AN ECONOMIC FORCE

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

Current Status

Percent of GDP

agriculture43%

industry25%

services32%

Labor Force by Occu-pation

agriculture12%

industry49%

services39%

Where to start business?

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)

Future concerns Cont.

Competing with India Rocky Relationship with the US

HONG KONG

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

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)

Hong Kong & Singapore GDP Growth

Date

12/3

1/19

61

12/3

1/19

63

12/3

1/19

65

12/3

1/19

67

12/3

1/19

69

12/3

1/19

71

12/3

1/19

73

12/3

1/19

75

12/3

1/19

77

12/3

1/19

79

12/3

1/19

81

12/3

1/19

83

12/3

1/19

85

12/3

1/19

87

12/3

1/19

89

12/3

1/19

91

12/3

1/19

93

12/3

1/19

95

12/3

1/19

97

12/3

1/19

99

12/3

1/20

01

12/3

1/20

03

12/3

1/20

05

12/3

1/20

07

-10

-5

0

5

10

15

Hong KongSingapore

Starting a business in East Asia

Singapore

United States

Hong Kong, China

Japan

Korea

Taiwan, China

China

India

0 20 40 60 80 100 120 140

1

3

4

12

30

50

83

120

Ease of Doing Business Rank

Ease of Doing Business Rank

Protecting Investors

Singapore United States

Hong Kong, China

Japan Korea Taiwan, China

China India0

10

20

30

40

50

60

70

80

90

Protecting Investors

Protecting Investors

Lower # means greater protection

India

Past Economy

Long held 2nd largest economy Largest economy Rule of British colonies

Present Economy

Since 1997 Recent GDP growth Intelligence expansion GDP GDP official exchange rate GDP growth rate GDP per capita Population below poverty

Current Political Status

Federal Republic Legal system

Miscellaneous

Exchange rate USD Imports Exports Revenues Expenditures

GDP Composition

16.60%

28.40%55.00%

India

0.90%

20.60%

78.50%

United States of America

Agriculture

Industry

Services

South Korea

Past Economy

Poorest richest 1990’s Military Rule civilian president

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

0.00

2,000,000.00

4,000,000.00

6,000,000.00

8,000,000.00

10,000,000.00

12,000,000.00

14,000,000.00

16,000,000.00

18,000,000.00

20,000,000.00

Korea GDP

Current Political Status

Republic government Political system Lee Myung-bak

Miscellaneous

Exchange rate USD Imports Exports Revenues Expenditures

GDP Composition

7.50%17.30%

75.20%

South Korea

0.90%

20.60%

78.50%

United States of America

Agriculture

Industry

Services

Japan Past Economy

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

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

2000 2001 2002 2003 2004 2005 2006

-0.5

0

0.5

1

1.5

2

2.5

3

3.5

Japan GDP Growth

GDP Growth

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

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

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

2000 2001 2002 2003 2004 2005 2006

-4

-2

0

2

4

6

8

10

12

Singapore GDP Growth

Singapore GDP Growth

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

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

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