Presentation on theme: "SS7E10 The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. Concepts: Production,"— Presentation transcript:
SS7E10 The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. Concepts: Production, distribution, and consumption Location
SS7E10a Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP)
India Government improved farming and irrigation techniques Increasing investment in education in the urban areas English as a second language helps workers provide computer software products, services, and technical support. Over HALF of the Fortune 500 companies have technical support or services provided from India. GDP is $3.2 trillion but GDP per capita is only $2800.
China Good access to education in urban areas Large populations in rural areas remain poor and undeveloped. GDP is $7.8 trillion but GDP per capita is only $6000. An elderly Chinese woman collects scraps of wood for cooking, near the Yangtze river city of Jiujiang. (Mark Ralston/AFP/Getty Images)
Japan Their highly trained and educated population is Japan’s greatest resource. Population traditionally has a great work ethic. Companies reinvest money in their workers to improve efficiency, production, and morale GDP is $4.3 trillion and GDP per capita is $34,200.
SS7E10b Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP).
India Top 10 industrial nation Improved farming equipment, irrigation, and fertilizing techniques during the Green Revolution (it has helped produce more crops for a growing population). Factories and machinery are increasing. 39% of GDP is invested in capital resources. Communication and computer technology
China Four Modernizations: Government investment in farming, industry, military, and technology production Leading exporter of consumer products 40% of GDP is invested in capital resources.
Japan Highly industrialized with robotics and advanced technologies High quality electronics production as well as high volume, high quality car manufacturing High quality electronics and technology products have led to Japan’s GDP per capita of $34,200 This robot can clean up a room, clear dishes from a dining table, and load shirts into a washing machine. The device can identify objects such as furniture and cleaning equipment. It’s also said to be able to analyze past failures and modify its behavior accordingly.
SS7E10c Describe the role of natural resources in a country’s economy.
India Arable land allowing huge production of tea, rice, and wheat Gem stones, coal (4 th largest producer in the world but uses most themselves) Coastal fishing and water industries Tata Mundra, the largest coal-fired energy plant built in decades, is going up in India with the help of a $450- million loan from the World Bank. Do you think this contributes to the Asian Brown Cloud?
China Arable land along rivers and in the eastern and northeastern parts of China leading to huge production of rice and wheat Coal, iron ore, and oil Coastal fishing and water industries Each one of those ledges in the picture at the right was carved out of the side of the mountain from the late 1200's to the early 1600's during the Yuan and Qing Dynasties, and are still being farmed today.
Japan Coastal fishing and water industries However, Japan has very few natural resources and is forced to import most of their raw materials. Japan leads the world in coal and liquid natural gas imports and are 2 nd in oil imports. This places a great importance on producing goods that are in high demand around the world that they can export for the things they need. In addition to natural resources, Japan must import beef because they do not have the land suited for ranching.
SS7E10d Describe the role of entrepreneurship.
Economic systems and entrepreneurship India: Mixed economy, more toward market—the government controls important industries, but entrepreneurs and private business owners are common. India: Mixed economy, more toward market—the government controls important industries, but entrepreneurs and private business owners are common. China: Mixed economy, more toward command—the communist government has the final say in all economic matters but have allowed for some entrepreneurs and private business owners which has helped their economy boom in the past 30 years. China: Mixed economy, more toward command—the communist government has the final say in all economic matters but have allowed for some entrepreneurs and private business owners which has helped their economy boom in the past 30 years. Japan: Very close to a pure market economy—private businesses and corporations, stock market, citizen owned properties; a very developed economy Japan: Very close to a pure market economy—private businesses and corporations, stock market, citizen owned properties; a very developed economy
SS7G12c Evaluate how the literacy rate affects the standard of living.
Literacy Rates What factors indicate the level of standard of living? What affects the GDP per capita? Literacy rates: India—61% (73 male, 48 female); China—91% (95 male, 87 female); Japan—99% (99 male, 99 female)