The Useful War: The Economic Growth Of Japan
One should start by saying that economic growth of Japan after the end of the World War II was enormous. It resulted in Japanese economic ascension making Japan one of the few world most economically advanced nations. From the savage destruction brought during World War II. Japan has done wonders to create the strong economy it has today.
Japan had managed to advance originally via proper government industry cooperation initiatives, strong work ethic of the Japanese people, adoption of new technology, great emphasis on educational advances and virtually non-existent defense allocation. Currently Japan is still one of the top economic powers after the USA, China, and the European Union. For the past 3 decades Japanese economic growth was spectacular: …show more content…
Resource dependence- Japan depends on foreign import of virtually every resource it uses. The country is located on islands, which are poor in minerals/resources. Thus, Japan is able to engage in industries other than extraction and mining.
In conclusion, stated by John Dower in “The Useful War” Japan has went through a period of drastic economic growth and development after the end of the World War II, yet apparently faced an economic depression and recession that Japan experiences even at present (Dower). Japan is famous for its industrial advances and robotics. Service industries appear to be rather popular too, and Japanese government further privatizes state-own strategic corporations. The government cooperates greatly with the most favored companies of Japan while places numerous trading barriers on imported goods. Japan has experienced major problems in the past like property bubbles, reliance on large corporations, unwillingness to open Japanese market to foreign goods, and bank and financial problems. At present Japan as two major problems that can be resolved quickly namely, market inefficiencies and lack of consumption. The problems that are unlikely to be changed and resolved are the opportunity/competitiveness lost and dependence on foreign
Japan had managed to advance originally via proper government industry cooperation initiatives, strong work ethic of the Japanese people, adoption of new technology, great emphasis on educational advances and virtually non-existent defense allocation. Currently Japan is still one of the top economic powers after the USA, China, and the European Union. For the past 3 decades Japanese economic growth was spectacular: …show more content…
Resource dependence- Japan depends on foreign import of virtually every resource it uses. The country is located on islands, which are poor in minerals/resources. Thus, Japan is able to engage in industries other than extraction and mining.
In conclusion, stated by John Dower in “The Useful War” Japan has went through a period of drastic economic growth and development after the end of the World War II, yet apparently faced an economic depression and recession that Japan experiences even at present (Dower). Japan is famous for its industrial advances and robotics. Service industries appear to be rather popular too, and Japanese government further privatizes state-own strategic corporations. The government cooperates greatly with the most favored companies of Japan while places numerous trading barriers on imported goods. Japan has experienced major problems in the past like property bubbles, reliance on large corporations, unwillingness to open Japanese market to foreign goods, and bank and financial problems. At present Japan as two major problems that can be resolved quickly namely, market inefficiencies and lack of consumption. The problems that are unlikely to be changed and resolved are the opportunity/competitiveness lost and dependence on foreign