Since the end of the 20th century, the Asian countries of China and Japan have developed into major economic powers. Japan’s ability to be one of the leaders in manufacturing has caused it to become a world economic power. China became a world economic power through its communist regime having relaxed policies related to economic foreign trade. They created Special Economic Zones, which are allowed to follow flexible economic policies in order to further economic growth.
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Last updated: 12/29/2017
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