Question

Please use one example ( can be historical or contemporary) to show that an East Asian economy is shaped by politics.

Answer 1

East Asia comprises of 6 countries that is China, Japan, South Korea, North Korea, Mongolia and Taiwan. Among these countries China is the fastest growing and emerging economy of the world. East Asia is the home to the most economically dynamic places of the world.

East Asian economy has utmost importance and influence in the world. Example of China and South Korea can be taken in consideration that South Korea is among world leaders in manufacturing consumer technology and as Government intervention plays an important role in the economy so that politics plays an important role in framing laws and shaping and framing the economy.