Countries in the region are very different in size, polity, economic development level. China - a country with a one-party political system and centrally controlled economies, which has among the highest in the world of annual GNP growth. North Korea (DPRK) - an isolated country with hypertrophic in the direction of the military-industrial complex economies and significant food problems. South Korea, together with Taiwan and other countries in the Asia-Pacific region are Asian NIEs.
China - the third area and the first populated country in the world. Territory of a country notable for the diversity of natural conditions and rich natural resources. Ancient Chinese civilizations have left many monuments to himself.
Modern China is an industrial-Agrarian Country, which along with traditional industries (textiles, coal, metals) have acquired the development of new industry: space and nuclear industry, mechanical engineering, electronics and petrochemicals. Since the early 80's. Twentieth century. China's economy is undergoing a period of profound reform. In the economy of the state actively to attract foreign capital, create free economic zones, which provide 10% of exports. The dynamics of the economies of these zones - the locomotive of the entire economy of the state. Growth rates of industrial and agricultural production so high that the production of many products, China is among the top ten world leaders. China collected a third of the global harvest of rice and millet crops. The country - one of the world's largest producers of corn, cotton, tea, soybean, tobacco, poultry, silk cocoons. The Chinese textile industry in terms of production of finished products zanimaet first place in the world. China came in second place in the world in steel production. And although the production per capita, China still lags far behind the developed countries, in terms of GNP came in second place in the world, behind only the United States. However, in the territorial structure of China's economy still shows considerable disparities: more than 80% of industrial and most agricultural production comes from Eastern China. In the western part of the country developed only in the extractive industries and extensive animal husbandry.
On the Korean peninsula since 1948, there are two states, separated by a demarcation line, approximately 38 ° north latitude: Democratic People's Republic of Korea and South Korea. The structure of the economy, the pace of economic development in both countries differ considerably. North Korea - a private, industrial and agricultural state with a centrally managed economy. South Korea in the early 60-ies was a typical underdeveloped country. With limited natural resources, a backward economy, the country began to develop industries based on the country's main resource - cheap labor. Production of labor-intensive footwear, textile, wood areas has been oriented towards export. Removing all barriers to trade and foreign investment led to rapid capital accumulation, efficient allocation of resources and output to a modern technological level of the economy. Now South Korea is a leader in the production of high-tech products: consumer electronics, computers, microelectronics and automobiles. Well-known brands have become household appliances (Samsung, LG, Daewoo) and cars (Daewoo, Hyundai, Kia) produced in this country. The structure of exports 95% belong to finished products.
Mongolia belongs to the post-socialist countries in transition economies. The basis of the country's economy - agriculture (40% of the working population). Production of the main branch of agriculture - animal husbandry is a raw material for textile and food industries and represents a significant part of the internal trade of the country and over 1 / 3 the value of exports. Developed as the mining industry. There are considerable deposits of coal and lignite, uranium, gold, silver, copper, tin, iron ore, rock phosphate.