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East Asia Jason Wagner MBA 516 Wednesday, January 25, 2012

Jason wagner jan 25, 2012 353 pm - east asia

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  • East AsiaJason Wagner MBA 516 Wednesday, January 25, 2012
  • What makes up East Asia? CHINA (Peoples Republic of China) Population: 1,336,718,015 (most populous country in the world) Size: 9,984,670 sq km (#4) Comparison: Despite having more 4x the population of the US, China is 300,000 sq km smaller in size. Contains two SARs (Special Administrative Regions Hong Kong (7,122,508 pop; 1,104 sq km) Macau (573,003 pop; 28 sq km)
  • What makes up East Asia? JAPAN Population: 126,739,664 (#10) Size: 377,915 sq km (#62)
  • What makes up East Asia? SOUTH KOREA Population: 48,754,657 (#26) Size: 99,720 sq km (#109)
  • What makes up East Asia? NORTH KOREA Population: 24,457,492 (#48) Size: 120,538 sq km (#99)
  • What makes up East Asia? TAIWAN Population: 23,071,779 (#50) Size: 35,980 (#139) MONGOLIA Population: 3,133,318 (#135) Size: 1,564,116 (#19)
  • Current Events North Korean leader Kim Jong-il died on December 17, 2011 His son, Kim Jong-un, took his position in power
  • Current Events Although almost a year ago, Japan still continues to recover from the devastating earthquake Caused approximately 15,900 deaths and 5,900 injuries, with 3,300 people missing Most expensive natural disaster in world history ($30B+ in damage) Caused near-catastrophe at damaged power plants
  • Current Events Companies such as Toyota showed loss of upwards of 75% of their profits at times during the course of the past year Japan had first trade deficit since 1980, attributed directly to the earthquake disruption
  • Issues The region has several social issues, particularly in China Censorship remains to be an issue, particularly on the Internet to silence criticism of the Communist Party The Great Firewall of China Overpopulation in general is a concern as well, with a one-child policy enforced As many as 3M births go unreported each year Wealthy families pay a fee for multiple children Less-wealthy families lose benefits Also concerned over ratio of number of boys being born compared to girls Chinese child labor camps
  • Issues North Korea has declared it has nuclear weapons Withdrew from Nuclear Non-Proliferation Treaty in 2003 after claims that the United States did not fulfill their end of an agreement Japan and South Korea are concerned about North Korean counter-strikes if they take military action against them The CIA has also determined they have chemical weapons
  • Exports When we think of countries like China, Japan, or Taiwan, we often think of two areas of opposite ends of the spectrum in terms of price/quality
  • ExportsWe always think of TVs, DVD players, stereos, computers, and other technology companies
  • Exports But besides electronics, we also think of companies like China producing cheap toys
  • Resources CIA World Factbook (statistical information) CNN (current event information) Bloomberg (economy information) Company websites