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Economy: Asia. China 1. Calls itself a socialist market economy 2. Was a command economy 3. Transitioning to a mixed market economy –A. Chinas economy.

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Presentation on theme: "Economy: Asia. China 1. Calls itself a socialist market economy 2. Was a command economy 3. Transitioning to a mixed market economy –A. Chinas economy."— Presentation transcript:

1 Economy: Asia

2 China 1. Calls itself a socialist market economy 2. Was a command economy 3. Transitioning to a mixed market economy –A. Chinas economy has grown in the last 25 years

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4 North Korea 1. Command Economy –A. Government controls all the resources and decides what is to be produced –Farmers work on cooperatives - up to 300 families share the work 2. Economy is not growing –A. Government is making reforms –B. Massive food aid from other countries has been needed to avoid starvation

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7 Japan 1. Mixed Market Economy –A. One of the strongest in the world –B. Has built their economy around manufacturing A. Manufactures ships, cars, and electronics. 2. Government owns few businesses –A. DOES own TV network –B. Does oversee banking and trade

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9 India Set up a command economy –A. Government controlled industries and production becoming more of a mixed economy –A. Reforms have been good for economy, but millions still live in extreme poverty

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