Question

For international Business course please ansewr the below in details and put useful referencess below the answer

I want a report (Essay) on the economic differences in the East Asia.

Answer 1

East Asia consists of four countries. They are China, Japan, South Korea and North Korea. The economic difference in the east Asia can be traced back by the difference between these countries.

China is the second largest economy in the world. China is a socialist economy. China is the biggest manufacturing economy in the world. Majority of the countries in the world have the exports from China. At the same time China is also a huge import market too.

Japan is the third largest economy in the world. Unlike China, Japan is a capitalist economy. She encourage free trade. Japan exports mainly cars and imports oil. At the same time China has her dignity in all industries. So all sectors from China has a majority in exports to other countries. China has main export to Japan. Japanese products has a goodwill in the world.

Unlike Japan, North Korea is a centrally planned economy. Unlike Japan and China, North Korea is not a member of any world trade organisations. Unlike Japan and China, North Korea is relatively poor economy.

SouthKorea adopted export oriented policies and South Korea emerged as seventh largest exporter. Unlike North Korea, South Korea has a place in industrial sector of the world.

These differences among the countries make the economic differences in East Asia.