East Asia Today

Question 1

What type of economy are East Asians rapidly shifting to?

Answer 1

They are shifting from agricultural based economy to industrial economies.

Question 2

What are communes?

Answer 2

large farming communities.

Question 3

What is keeping China from fully industrializing?

Answer 3

Their communist government (command economy)

Question 4

What type of economy is thriving in Japan, Taiwan, and South Korea?

Answer 4

Market/ Mixed Economy (private ownership)

Question 5

China exports/imports more goods than imports/exports.

Answer 5

exports… imports

Question 6

America exports/imports more goods from China than imports/exports.

Answer 6

imports… exports

Question 7

Which countries have the biggest economies?

Answer 7

China has the biggest; Japan has the second biggest

Question 8

What are economic sanctions and when have they been used?

Answer 8

restrictions on countries that treat their citizens cruelly; It has been used against China during the Tiananmen Square Massacre (1989)

Question 9

What is APEC?

Answer 9

Asia-Pacific Economic Cooperation; Includes all East Asian countries except North Korea; ensures trade is efficient and fair

Question 10

What is WTO? And what were they hoping would improve with China?

Answer 10

World Trade Organization; international body that oversees trade agreements and settles trade disputes among countries (China was added in 2001 in hopes that China’s human rights record will improve with contact

Question 11

Economy of Japan… in the 1990’s. It… in 2001

Answer 11

slumped… rebounded

Question 12

Taiwan, South Korea, Japan and China are now some of the world’s biggest importing/exporting countries

Answer 12

exporting

Question 13

North Korea has experienced… growth

Answer 13

limited

Question 14

Mongolia remains mostly…

Answer 14

agricultural