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JAPAN Page 178 and 179 Many countries of Southern and Eastern Asia have great differences in their _______________. Those countries that have made the decision to invest in ________________ _______________ have stronger economies than those that have not. The country of Japan is one of the most powerful ________________ nations in the world. It has achieved this status following complete devastation after __________ ________ ________. The Japanese people are among the most highly ________________ people in the world. The literacy rate in Japan is __________% (percent). Japan’s investment in _________ __________ through education is among the highest in the world. The Japanese have a solid work ______________ which is a dedication to whatever job is put before them. Japanese workers work ______________ hours and stay with the same companies they work for their entire __________________. Japanese companies provide many _______________ for their workers. Because of this corporate investment in _____________ ______________ dedicated workers give their best efforts to their employers. Japan has almost no _________ ______________ so the country must get what they need from other countries. Careful planning is needed from both ______________________ and industry to keep Japan’s economy successful. Japan spends very little of its GDP on the _____________ or _________________. Japan is one of the world’s leaders in the production of ______________ _______________ and _________________ equipment. An educated workforce is essential to remain _________________ and keep up with world ______________. Page 183 Japan has made large investments in _______________ ___________. Japan has few ________________ _______________. Nearly all of Japan’s ___________ comes from industry and services. Japanese industry leads most countries in the use of ______________ (assembling goods using mechanical techniques like robots). Continuing investments in ________________ goods makes Japan a world leader in industrial production. Page 184 Japan has very little in the way of ___________ ______________. The country must rely on industry and ____________ to supply its population with what it needs. Page 185 Japan is a land of ___________________. The need for business ____________________, the availability of good ____________________, and the Japanese work _______________ have combined to make Japan an ideal place for someone who has a good idea and the energy to see if it can work. Economies of India, China, and Japan SS7E10 The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. a. Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP). b. Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP). c. Describe the role of natural resources in a country’s economy. d. Describe the role of entrepreneurship. Economic Systems North Korea Pure Command Japan China India Pure Market Write TWO multiple choice questions based on the information you have read on pages 178 – 185. You must include FOUR answer choices and you must circle the correct answer. 1. ___________________________________________________________________________________ ___________________________________________________________________________________ A. ___________________________________________________________________________ B. ___________________________________________________________________________ C. ___________________________________________________________________________ D. ___________________________________________________________________________ 2. ___________________________________________________________________________________ ___________________________________________________________________________________ A. ___________________________________________________________________________ B. ___________________________________________________________________________ C. ___________________________________________________________________________ D. ___________________________________________________________________________ INDIA Page 178 Many countries of Southern and Eastern Asia have great differences in their _______________. Those countries that have made the decision to invest in ________________ _______________ have stronger economies than those that have not. Many people in India still work in the area of ___________________________. One way in which the Indian government invested in human capital in the 1960’s was with a program called the _____________ ____________________. Farmers used more modern methods and technologies to improve __________________ ______________________. India is one of the world’s top ten _____________________ nations. Many Indians are highly ______________________ and have jobs in the sciences, computer and information technology, arts and literature, and industrial production and research. India is one of the leading __________________ producers in the world. The Indian ______________ class is growing rapidly. The country’s GDP has been growing at a rate of about __________% (percent) per year. India’s _____________________ is growing rapidly, and its economy and environment must keep up with the large number of people. Page 183 Producing more goods for sale in a quicker and more efficient way leads to _________________ growth and greater _______________. This greater profit leads to a higher _________________ _________________ ____________________. India has invested heavily in factories, modern ___________________ and advanced _____________________. India’s cities are home to some of the most advanced ________________________ and _____________________ technology in that part of the world. Although _________________ and _________________________ remain constant problems for India, its GDP has grown due to more modern ___________________ techniques and industries. Page 184 A _____________ ________________ is something that is found in the environment that people need. India, along with other countries in the region, depends on __________________ to feed its rapidly growing population. India and China have good supplies of _______________. Coal burning is a major contributor of ___________ ____________________. Page 185 ____________________ are creative, original thinkers who are willing to take risks to create new businesses and products. Some of the world’s largest and most successful companies were founded by Indian ____________________. Thousands of Indian men and women have borrowed small amounts of money to start little ___________ businesses. CHINA Page 178 and 179 Many countries of Southern and Eastern Asia have great differences in their _______________. Those countries that have made the decision to invest in ________________ _______________ have stronger economies than those that have not. About ¼ of all the people on earth live in ______________. Most of the major economic decisions made in China are made by the __________________ __________________. The country still remains in many ways a ___________________ economy. In the 1970s China began a program called the _____________ ________________________. This was an effort to improve all aspects of Chinese ___________________. New methods of production required new training which required investment in the _______________ ________________ of China. The GDP of China continues to go up about __________% (percent) every year. China has become a leader in exporting _________________ goods. Areas in the eastern part of China have prospered while many parts of the ______________ interior have not done as well. Millions of workers have left ________________ and moved to _______________. Often these workers can not find jobs in the cities because they do not have the ____________ to do the jobs that are available. Investment in _____________ ___________ will be important to keep the GDP growing. Page 183 Producing more goods for sale in a quicker and more efficient way leads to _________________ growth and greater _______________. This greater profit leads to a higher _________________ _________________ ____________________. China’s Four Modernizations program is an example of government decisions to increase the country’s investment in ________________ _______________. New technology and planning have allowed China to increase the production of smaller ________________ goods. Many of these goods have sold well in the ______________ market. Page 184 A _____________ ________________ is something that is found in the environment that people need. China, along with other countries in the region, depends on __________________ to feed its rapidly growing population. India and China have good supplies of _______________. Coal burning is a major contributor of ___________ ____________________. Page 185 The Chinese government has only allowed individual business ventures (entrepreneurship) since the late ___________. China may have as many as ________ people who qualify as billionaires. China can never go back to the total ________________ economy it once had if it is to be competitive in the modern global marketplace.