Compare and contrast business systems in Japan and China. Answer with reference to relevant theories and use comparative country and/or corporate examples.
Abstract The comparison and contrast of the business system between Japan and China
Introduction
In Japan much of its arts, languages, religion and culture are imported from China hence there are some similarity in both countries’ business system but over the centuries, Japan was able to convert this commonalities into differences which is uniquely theirs and these differences have a huge impact on the business system of China and Japan.
Overview of Japan and China economic growth
While the economic growth of many other countries may be at a standstill, China’s economic growth is expanding at a great pace and is considered one of the world’s fastest growing economies. One of the main factors that fuel China’s fast economic growth was the release of Hong Kong to China from Great Britain in 1997. The second factor was Deng Xiao Ping’s “Open Door Policy” which is the opening of free trade with other countries in which it was originally a closed trade country and greatly reform China in the area of agriculture, industry, science and technology changing the country into a modern industrial nation. The third factor was population control with its one child policy which help improved the method toward feeding its population.
The fast economic growth of Japan started after World War II and it catapult Japan into one of the world’s few most economically advance country. Currently Japan is considered one of the top economic powers after USA, China and the European Union. Japan is a very small country; its population density is very solid and majority of the land is not suitable for agriculture as it is mountainous and there are little minerals which is need for agriculture development hence Japan had to rely on creativity and innovation to produce good and export it to develop its economy, domestic
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