Chapter 11 Asia Pacific

Question 1

Dynamic Growth in the asia pacific region

Answer 1

Asia has been the fastest growing region in
the world for past three decades

Prospects for continued growth are excellent

Question 2

Must overcome issues to reach full potential.

Answer 2

• Human rights and legal system major issues in China.
• Environmental decline associated with fast growth.
• Demographic disaster associated with one-child policy.
• Discrimination against those moving from rural to urban areas.

Question 3

why did the japaneese growth slow in the 90s.

Answer 3

1. Faulty economic policies
2. Inept political apparatus
3. Disadvantages due to global circumstances
4. Cultural inhibitions

Question 4

why did India HAVE poor economic growth

Answer 4

Growth constrained by traditional insular policies.

• Import substitutions and an aversion to free markets.
• Anti-business attitudes and widespread corruption.

Question 5

what is indias five point agenda

Answer 5

• Improving the investment climate.
• Developing a comprehensive WTO strategy.
• Reforming agriculture, food processing, and small-scale industry.
• Eliminating red tape.
• Instituting better corporate governance.

Question 6

India business environment

Answer 6

• High tariffs.
• Inadequate protection of intellectual property.
• Anti-business attitudes.
• Widespread corruption and bribery.

Question 7

What does BOPMs stand for

Answer 7

Bottom of the pyramid markets

Question 8

what is the BOPMs

Answer 8

4 billion people with annual income below $1,200

Historically ignored consumer group.

Markets now viewed as commercially viable.

Question 9

market metrics for asia pacific

Answer 9

• North–south disparity is clear.
• Income of the Japanese dominates.
• Dearth of data for Bangladesh.
• Japanese health care system produces the
  longest lifespans in the world.

Question 10

mention three asian pacific trade agreements

Answer 10

• ASEAN.
• ASEAN+3.
• APEC.

Question 11

Problems with ASEAN

Answer 11

• All members once had similar products and resources to export.
• Intra-ASEAN trade hampered; no demand for common products.
• Most early growth came from trade outside of ASEAN.

Question 12

Four causes of vigorous economic growth for
members. (ASEAN)

Answer 12

1. Governments’ commitment to deregulation,
   liberalization, and privatization of their economies
2. Decision to shift economies from commodity based to manufacturing based
3. Decision to specialize in manufacturing components
   in which they have a comparative advantage
4. Japan’s emergence as a major provider of technology and capital

Question 13

what is ASEAN +3

Answer 13

Created after Asian financial crisis of 1997– 1998.

• East Asia felt let down when the West did not help
  during crisis.
• Wanted to become more self-sufficient.

ASEAN members plus China, Japan, and South Korea.

Question 14

what does APEC stand for

Answer 14

Asia- Pacific Economic Cooperation

Question 15

About the APEC

Answer 15

Formed in 1989.

Includes all major economies around the Pacific Rim plus the U.S. and Canada

Question 16

four unique regions in china

Answer 16

1. Northeast China: industrial heartland
2. Beijing-Tianjin IT corridor
3. Shanghai and the Yangtze River Delta
4. Pearl River Delta