Transcript Oh Lucky Me Restaurant Project

China
•
Deng Xioaping changed China’s economy by making it market-oriented.
•
Thirty years ago, the government controlled China’s economy.
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The reform that had the greatest positive impact on the growth of the Chinese
economy was the opening of foreign trade and investment. The Chinese are not
isolated anymore, they are now globally involved.
•
Today, the Chinese government faces several problems including job growth,
corruption, economic crimes, and environmental damage.
•
The challenge that should be the government’s top priority is the job growth factor.
The economy cannot prosper if there is no job growth and development.
•
China has been able to balance the leading economy in the world while still having a
communist government because the government, even though it is communist, they
have a market oriented economy. This means they are not strictly communist.
China’s has been able to create the fastest growing economy in the
21st century due to their ability to modernize. They have adapted a “Three-Step
Development Strategy.” The strategy includes: to double the 1980 GNP and
ensure that the people have enough food and clothing, to quadruple the 1980
GNP, and to increase per-capita GNP to the level of the medium-developed
countries. Once the three-step strategy is completed China will be completely
modernized.
China however has a Communist government, except when it comes
to the economy. The economy is market-oriented, this means some is run by
the people and the government only controls a portion, much like the United
States. This had led to a balance between communism and a market economy,
causing the entire nation to prosper.
North Korea
•I would rate the success of the North Korean government as a two, this is nearly the
worst. Their government controls all activities including the economy. This causes
large scale problems such as food shortages, bankruptcy, and even malnutrition.
•The national community fears the military from North Korea. The nation has a
history of military aggression along with the addition of nuclear weapons.
•The North Korean economy is so disastrous because of government control. The
government spends money on military while leaving the economy to suffer.
•The government’s decision have destroyed the agricultural output because of the
farming methods they use, collective farming is among the policies.
Comparison
•The most important difference between North Korea and China is the fact that
China’s government does not control EVERYTHING. They control some areas of the
economy and leave the rest to the people, much like the US.
•To fix the North Korean economy, I would completely flip the government, change
the entire nation into a Republic or Democracy rather than a Communist gov.
Text Message 1:
This entire year has been difficult, I can’t do, say, or even think of anything against our
leader. I’ve been forced to follow all his rules and regulations and I’m sick and tired of
them. I plan on sneaking out of North Korea, I’ll text you if I make it across the DMZ.
Text Message 2:
Life in the capital of North Korea isn’t quite what I expected. I thought life would be
better but it turns out, everything is the same. Pyongyang is really only a showcase city
that is run entirely by our leader, Kim Jong-Il. He hasn’t really done much for our nation
in recent years, my family is getting sick because of malnutrition. Please help.
Text Message 3:
I think my family is going to be executed, me included. This might be the last time I’ll
be able to communicate with you in any way. You see, last week I tried to escape into
China but got caught by one of the North Korean guards. They have sent me to prison
along with the rest of my family. I really wish I hadn’t tried to escape but its too late
now. Ohh wait, I think the guard is coming, bye…
DMZ
Severe malnutrition in
North Korea
Statue of Kim Jong-Il
Questions
•How does the article affect E/SE Asian economic
development?
The article states how the Asian economy is part of an
economic bubble. An economic bubble is a trade in
high volumes at prices that are considerably at variance
with intrinsic values. “Bubbles” caused the Great
Depression because of the Stock Market Crash. Similar
occurrences could happen to Asia.
•How does the article affect your life or the US
economy?
The economic bubble in Asia could affect my life with
inflation of prices. Tulloch states, “I have an oldfashioned belief that if you print money, at some stage
people suddenly ask what it’s really worth.”
http://www.mon
eyweek.com/ne
ws-andcharts/economic
s/china-wonttake-over-theworld-yet01402.aspx
Questions to Analyze
1.
Each population pyramid is not shaped like a pyramid, this means the population is decreasing,
not increasing.
2.
The shape tells me that the age group with the most people probably experienced some sort of
growth, whether it be jobs, or businesses, or economic growth.
3.
In 2010, the age group that is the largest is the age group between 40 and 44 years old.
4.
This means that the country’s population is shrinking, not increasing.
5.
Government services for the specified age group would be retirement homes, cemeteries, etc.
6.
The concerns that are present for each time period are the age groups with the most people. If it
were an increasing population, the age group with the most should be the younger generations.
This means the population isn’t increasing.
7.
Birthrate tells me what kind of time period the country is going through, whether it be an
economic growth or even a depression.
8.
The population throughout the time periods are mainly located in an urban area, this is because
of China’s modernization and urbanization.
Questions That Must be Answered
1.
Economic development influences birth and death rates in China in multiple ways. By looking
at the population pyramids, a person can determine the times in which the country is currently
in. If there is a sudden population boom, a person can infer that the nation was going through
good times such as economic growth, or maybe that a law was passed. An example would be
the “One Child Law.”
2.
In 2010, China’s population will be a majority of 40-44 years old. This means that the nation
would have to build different types of businesses changing the economic impact. China would
need more retirement homes, hospitals, cemeteries because of the high age group. By the year
2050, the age group that was in the 40s will be in their 80s (if still alive). This will affect
China’s development because the majority of the population would be old, not young. This will
force the country to tend for the elders while leaving the younger generations, this could be a
potential problem.
3.
The economic impact of population growth and the decline of population growth in both the
rural and urban areas in China will definitely impact the economy. If there is population growth
in urban areas, the nation will be more advanced. The opposite would happen if population
growth would occur in rural areas. The nation would be more dependant on agriculture rather
than technology. This would severely impact the economy of China for generations to come.
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