Classwork #4 China's Economy Today Part 2 Flashcards
What is martial law?
A government maintained by military power
What happened during the cold war?
In the cold war many people thought that Taiwan was the government of the Republic of China. But China only considerated Taiwan as an independent state.
How are taiwanese exports important for the country’s economy?
Taiwan’s economy is considered to be in the top 20th largest economy globally. It depends more on their exports such as electronics and machinary.
How does economy help the diplomatic relationship between Taiwan and China?
Both countries are ecocomic partners because they both help each other with their exports and imports. They also help each other in direct businesses and financial firms.
Why did Japan’s economy decreased?
Japan’s economy decreased because businesses borrowed a lot of money and were having debts. They problem was solved in the 2000’s.
How is Japan’s economy nowadays?
Currently, Japan has the top 3 in GDP around the world. Since Japan has little natural resources, the countries export raw materials such as cars computers and electronics.
What is free trade?
Trade that does not impose tariffs, or taxes on imports.
How does Japan’s population affects their economy?
Stadistics prove that many people of Japan’s population will be elderly people in the future. So, Japan will loose many young entrepreneurs and will have a shortage of workers.
Which are the alternatives to improve Japan’s economy?
They want to encourage elderly people to continue working and to not retire at their 60’s. Japan should accept the help os foreign businesses to improve their economy globally.
What happened during Japan’s earthquake and tsunami in 2011?
The supply’s decreased and it took $300 billion to restore all the products and industies that were lost.
What does it mean the policy of self-reliance?
A country that depends most on their own efforts and abilities.
How has North Korea’s agriculture affect it’s population?
North Korea has only 18% of their land arable and in 1990 the country suffered many famines and drought’s which caused 3 million deaths because of starvation.
Why did South Korea’s economy bested North Korea’s economy?
South Korea accepted help and loans from other countries.
In what industries is South Korea best in economy.
South Korea is best at shipping. Like Japan, they have less arable land and they produce more automobiless and electronics.
Why can’t North and South Korea reunificate?
They had a tense relationship since the Korean War in 1953. There has been hope for these 2 countries but is was until in 2010 North Korea’s weapons targeted a Soth Korean island. Since then, the rivalities reborned once again.
