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Ancient East Asia was economically dominated by two states known today as China and Japan. These two ancient states traded abundant raw materials and high-quality manufactured goods, exchanged cultural ideas and practices, and had military conflicts with each other throughout the centuries.
Industrialization, the large scale growth of industry, has had profound impacts on natural resource exploitation. As societies undergo industrialization, there is an increased demand for raw materials to fuel manufacturing, construction, and energy production.
The raw materials supply faces a gap of millions of tons without the imported waste from foreign countries. The restriction of recycling materials, which banned by China, will eventually forces the industries to use the raw materials. However, using the recycling materials to produce same amount of products are much more energy efficient and ...
The prices of raw materials were depressed and declining from, roughly, 1982 until 1998. From the mid-1980s to September 2003, the inflation-adjusted price [citation needed] of a barrel of crude oil on NYMEX was generally under $25/barrel. Since 1968 the price of gold has ranged widely, from a high of $850/oz ($27,300/kg) on 21 January 1980, to ...
"Eight countries in East Asia–Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia–have become known as the East Asian miracle." [10] Beside successes of the East Asian economy mentioned above in the success of the model, there are two other examples why they are called 'Asian miracles'.
The shift was caused by the fall in the prices of oil and other raw materials that Japan imported from the region and by the rapid growth in Japanese exports as the region's economic growth continued at a high rate. [1] Indonesia and Malaysia both continued to show a trade surplus because of their heavy raw material exports to Japan. However ...
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A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.