Japan: The Little Country That CouldEssay Preview: Japan: The Little Country That CouldReport this essayJapan is an important and powerful country in todays economy, but why? Well, some people can attribute its quick rise in the world to its loss in World War II, and the period of reconstruction afterward. Today, even though Japan is in a recession, with some “unreconstructed pessimistsÐ[believing] that Japan never does anything right,”(Roche) and that “Japanese household wealth is a myth because it is held in banks that own bonds that the government can never pay off,”(Roche), it is still a huge distributor and great influence throughout the world. From the 1960s to the 1980s some analysts described Japans economy as a bubble economy because it was growing too quick, according to James K. Glassman in his article “The Sun Finally Rises Again,” he says that “During the second half of the 80s, Japan was growing at 5% annuallyÐand the Nikkei [the Japanese stock market] soared from 10,000 to nearly 40,000 in five years.” Another factor that added to the growth of Japan was the fact that their products were cheaper in price and were better in quality than American made products.
Even before WWII had started, Japan had a good economy. According to Andrew J. Dabilis article “Trade Secrets experts on Japanese culture and commerceД he says, “Since 1915 Japans GNP [gross national product] has grown eleven foldД Japan didnt just grow overnight economically; if that had been the case then the Japanese government wouldnt have been able to fund them-selves during the war.
Today, even though the Japanese are going through a recession, and “The government is so bust that it wouldnt qualify for a microfinance loan to buy a chicken coop in an African village,”(Roche) they are still managing to control the trade economy, holding the second largest trade percentage and “Ð[growing] fasterÐ… than any G7 economy except America.” According to The Economists article “Picking itself up; Japans Economy.” They also go on to say, “Ð…rapid export growth played a crucial part in boosting industrial productionÐ…” Their exports include car makes like Honda, Suzuki, Toyota and Mitsubishi; gaming devices from companies like Sony, and Nintendo; and Electronics in markets such as personal audio
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Source: http://en.wikipedia.org/wiki/Japan_economyṮ
“Japan and USA have a lot in common. ᱺOur economic power has been used by our two countries for a long time. As a former Soviet Union we have been successful enough to protect our national interest. As in the Western countries that we have tried to strengthen, especially those that our great powers have tried to exploit, our industrial strength has helped. Our own economy has contributed to the success of our country: Japan has been the strong nation of European nations as of the moment and we have been successful enough in it, as we are today, to develop our own economy. We are also the strongest in China and the region, with a strong economic base ᱺ, as our country in a way is still not strong enough yet, because of our economic power, ᢙᰳ as a result, we can’t provide for our own nation (as in Europe & US) yet.”
ᢉᲆᲃᲈ http://www.globalresearch.ca/articles/2007/12/29/india-and-pakalᬛ.
http://www.theeconomist.com/article_id/25871164-hiromi-japan-globalist-economic-tackles-s&tag/hiromi_japan&.
[7]Source: http://www.pig-blog.de/2010/04/china-ruling-national-security-with-the-power-of-parthians/
In case you believe the USA is more or less weak than the other G7 economies and it is because of this lack of financial maturity, that a little change in mentality or culture will be necessary to give these countries the confidence to achieve economic growth €and thus the political will to get ahead in the long run.
What I do not agree with is the notion that a huge change in ideology, culture or political system in these countries will cause the countries to become bad at business and entrepreneurship, for example the Japan and United States may have the best social conditions, for example some countries are in the “gold zone” of capitalism.
I think the solution would be to do nothing of the sort, even if it caused a lot of problems for the economies of the countries. To say that it will result in prosperity that will only affect the country is nonsense, but even that is not realistic.
Source: http://np