Structure of Japanese International Trade in Case of Comparative Advantage Model
Introduction
In last ten years Japan’s economy is one of the biggest. The nominal GDP of Japan in 2010 was 5458 million dollars – so it was the third one, after USA and China. Of course this was not an easy task for Japan. It’d made a really mysterious level of economic development, and entered the top of wealthiest countries, in spite of nearly totally destructed economy after the World War II. The economic development was generally provided by enlarging amount of international trade, especially exporting of manufactured goods. The secrets which allowed to reach the “Economic Miracle” consist of highly effective economic and trade policies in the presence of impartial civil service.[1]
But in our investigation the most interesting thing is international trade of Japan. On the year 2010 the total amount of exported goods in Japan was counted up to 769,8 million dollars. This characteristic leads Japan to the fourth place exporting country, just behind China (1577 million dollars), Germany (1268,8 million dollars), and USA (1278,1 million dollars). So it means that Japan is really attractive to be investigated in our work. [2] So high indexes of export are also affected by following factors: 1) Advantages of Japan’s geographical location – it is relative close to main international trade partners. Such partners in 2009 were: China – 18,88% of export share; USA – 16,42%; Korea – 8,13%; Taiwan – 6,27%; Hong Kong – 5,49%. In 2010 the total equivalent of imported goods was 636,8 million dollars. The main partners were: China – 22,2% in import share; USA – 10,96%; Australia – 6,29%; Saudi Arabia – 5,29%, Korea – 3,98.[3] 2) Temperate climate without temperature shifts; 3) National idea – “All for the homeland”; 4) Export stimulated by the government, for example export-promoting tax system.
The aim of work is to investigate the structure of Japan’s external trade structure; the process consequences. In general, trade theory consider a
In last ten years Japan’s economy is one of the biggest. The nominal GDP of Japan in 2010 was 5458 million dollars – so it was the third one, after USA and China. Of course this was not an easy task for Japan. It’d made a really mysterious level of economic development, and entered the top of wealthiest countries, in spite of nearly totally destructed economy after the World War II. The economic development was generally provided by enlarging amount of international trade, especially exporting of manufactured goods. The secrets which allowed to reach the “Economic Miracle” consist of highly effective economic and trade policies in the presence of impartial civil service.[1]
But in our investigation the most interesting thing is international trade of Japan. On the year 2010 the total amount of exported goods in Japan was counted up to 769,8 million dollars. This characteristic leads Japan to the fourth place exporting country, just behind China (1577 million dollars), Germany (1268,8 million dollars), and USA (1278,1 million dollars). So it means that Japan is really attractive to be investigated in our work. [2] So high indexes of export are also affected by following factors: 1) Advantages of Japan’s geographical location – it is relative close to main international trade partners. Such partners in 2009 were: China – 18,88% of export share; USA – 16,42%; Korea – 8,13%; Taiwan – 6,27%; Hong Kong – 5,49%. In 2010 the total equivalent of imported goods was 636,8 million dollars. The main partners were: China – 22,2% in import share; USA – 10,96%; Australia – 6,29%; Saudi Arabia – 5,29%, Korea – 3,98.[3] 2) Temperate climate without temperature shifts; 3) National idea – “All for the homeland”; 4) Export stimulated by the government, for example export-promoting tax system.
The aim of work is to investigate the structure of Japan’s external trade structure; the process consequences. In general, trade theory consider a