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South and East Asia

Government and Economics

QuestionAnswer
The central government has all the power unitary
The national, regional, and local governments share power. federal
A form of government in which the state controls all economic and political decisions for its citizens. communism
A form of government in which the monarch has limited power, so the citizens can rule according to their constitution. constitutional monarchy
A federation with states where the citizens can vote. federal republic
This is when a country exports more than it imports; Japan is an example of this. trade surplus
How does the literacy rate impact the economy of a country? The higher the literacy rate, the more successful the economy.
Why do countries need an exchange rate? In order to trade fairly.
What do the governments of China, India, and Japan all have in common? 3 branches of government; supreme court; citizens get to vote (votes don't really count in China)
Describe China’s government and economy. Communist controlled by the CCP (oligarchy); HOG is premier; since Mao Zedong’s death, the economy has moved from command towards market (mixed towards market) They have a communist government controlled by the CCP (oligarchy); the HOG is premier; since Mao Zedong’s death, the economy has moved from command towards market (mixed towards market)
Describe India’s government and economy. They have a federal republic with a parliamentary democracy; prime minister is HOG; mixed market economy
Describe Japan’s government and economy. They have a constitutional monarchy with a parliamentary democracy; prime minister is HOG; emperor is HOS; mixed market economy
What type of economy does North Korea have? command
What political party controls China? Chinese Communist Party (CCP)
Why is North Korea poorer than most countries even though it has a wealth of natural resources? North Korea spends most of its money on the military and their technology is out of date.
What is the name of Japan's parliament? Diet
Why do the individual voters have more power in a democracy than they do in an autocracy or an oligarchy? Citizens get to vote for leaders in a democracy.
Why do most economies operate somewhere between a market economy and a command economy? Countries have found that they are more successful if there is a combination of private ownership and government control.
How has Japan made up for its lack of natural resources? They import raw materials and exports technology, they get food from the ocean and use terrace farming.
Why does economic specialization make trade between countries easier? Countries are able to produce goods that they can trade for things that they need but do not produce.
How do factors of growth impact the GDP of a country? The more a country invests in the factors of growth, the more the GDP will grow.
What branch of government is responsible for making laws in a parliamentary system of government? legislative
Compare and contrast the governments of India, Japan, and China. India and Japan are democracies and China is not. India and Japan have prime ministers as head of government and China has a premier. China has a communist government, so citizens have limited freedoms. In India and Japan the citizens are free.
Place India, China, North Korea, and Japan on the economic continuum. Which factors contribute to each countries’ position on the continuum? North Korea and China are communist states, so they have economies closer to command. North Korea is much more authoritarian so they are almost pure command. Japan and India are democracies, so they are closer to the market side of the continuum.
Created by: dedington1
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