Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Term Paper:
There are four hypotheses about this:
Some industries are more productive and create more high-wage jobs.
Some industries are faster growing and contribute more to economic growth.
Some industries do more to improve productivity in other sectors. High investment in dynamic industries accelerates growth."
The following chart labeled Chart 1.0 shows the respective shares (%) of Exports in China compared to the U.S., China compared to Japan, the U.S. compared to China and the U.S. compared to Japan:
In the event that the growth rate of the economies of the East Asian countries slow what is unlikely to disappear is the increasing dependence on economics terms that exists between the U.S., Japan, and East Asia, inclusive of the country of China. This type of reliance or interdependence expresses a sense of vulnerability between the countries which should be taken as a caution in actions, regulations, or other interactions that might adversely affect the other entity or the relationship that exists between those interdependent upon one another. In other words irresponsible and disruptive manners of behavior should be avoided with the fostering of cooperative behavior among members of these international institutions and regimes. This can be accomplished through setting rules that are "common" as well as setting codes of norms and cooperative behavior among the members. Experts state this rationale for the regimes as that which may be achieved at a great price or deceptive means but that to strive for a group agreement is superior in nature to these other negatively-based solutions.
Major reforms will be necessary if Japan successfully makes the changes from the present economy that is driven by producers to that of an economy that is consumer-driven. The primary actors in the region of Asia-Pacific's future aspects are the countries of China and Japan. Questions as to: "How will the evolution of their relationship progress?" are those which can be expected to be asked many times in the near future. One sure thing is that through having empowered Asia there is no longer the need within international relations for responses to the tailored as one necessarily to the "West" or other powers that exists but instead competition and primary rivals will be within the Asian community with the United States playing a role that is secondary in nature.
VI. Summary & Conclusion
Japan has witnessed both good economical times and times that its' economy has been weak and affected by many stressors such as the situation with the Bank of Japan (BOJ) several years ago and in which ultimately was used as a tool to turn the economy around for the country of Japan. The Japanese are individuals known well for their ability and self-determination in whatever pursuit or goal their focus is upon. The government in Japan should immediately and appropriately remove regulations that are causing harm to the productivity of Japan's economy. Although "life-employment" and "seniority" adherences in the workplace are wonderful benefits in employment the question of that which is balanced, fair, just, and best for all concerned is a practice which allows the economy of a society to perpetuate its own growth in a positive and healthy manner. Japan is believed to be firmly in its spot as 2nd in the world following the United States who the top economical contender across the globe.
VII. Recommendations of the Study
This subject is one which calls for more research in order to state the actual implications however through the review of literature and the activity of observation it is the opinion of this author that optimal productivity and profitability will be truly established when the foundation is the cooperation and collaboration of East Asian countries within their region and for the purposes of creation of democracy and human rights adherence and further in the advancement of economic developments" Open economic policies should be the norm instead closed economic policies.
Ellington, Lucien (1995) "Japan's Economy: 21st Century Challenges" Japan Digest National Clearinghouse for United States-Japan Studies 1995 May Online available at: [http://www.indiana.edu/~japan/digest8.pdf]
Howe, Christopher (1996) Development and Technology in Asia from 1540 to the Pacific War Online available at http://www.findarticles.com/p/articles/mi_m1038/is_n5_v39/ai_18736471 Business Horizons Sept.-Oct 1996.
Howe, Christopher (1996) Development and Technology in Asia From 1540 to the Pacific War. Business Horizons Sept.-Oct, 1996 Online available at: [http://www.findarticlescom/p/articles/mi_m1038/is_n5_v39/ai_18736471]
Japan (2005) ABC Asia Pacific Australian Broadcasting Network Online available at http://abcasiapacific.com/news/profiles/JAPAN_to.htm
Morse, Ronald a. (2005) Blue Horizon: United Sates - Japan- PRC Tripartite Relations: Part III; Economy Online available at http://www.42cs.maxwell.af.mil/au/awc/awcgate/ndu/bluhrz/blupt3.html
Scalapino, Robert a. (1998) Pacific Rim Report 1998 May, No.6.
Toward the Twenty-First Century Online available at http://www.unu.edu/unup ress/unupbooks/uu11ee/uu11ee06.htm]
Japan and the Rise to Economic Superpower[continue]
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Employment for life and other inefficiencies valued by the Japanese public were becoming threatened. This had the effect of shocking consumer confidence, but the corporate world became stuck, knowing that the systems would need to be changed but seemingly unwilling to make those changes. The banking system would need to be purged of its bad debts. That the economic crisis in Japan lasted so long was a result of
Japan's Economic Crisis Following the United States terrorist attacks on September 11 and the outbreak of mad cow disease, economic analysts are predicting the onset of a deepening recession in Japan. Some are even referring to the possibility of a depression in the world's second largest economy, due to the global economic downturn. Recently released surveys of future trends together with economic data recording economic performance over recent months point at least
Japan's Economic Crisis Japan is currently in its worst recession since World War II. The country's economy slowed dramatically in the early 1990s after the bubble economy of the 1970s and 1980s. Section 2.0 takes a detailed look at what caused Japan's economic crisis and subsequent problems related to declining Gross Domestic Product (GDP), failed stimulus packages, banking inefficiencies, ineffective interest rate policies, deflation, currency devaluation and Japan's aging population. Given
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Indeed, the comment cited above underscores the ire which Japan has earned by functioning as one of the world's chief exporters while failing to invest itself in any meaningful aspect of importing. Likewise, it has resisted foreign investment and corporate assistance even as it has actively pursued corporate ownership in other countries. The overarching impact, most especially in the decades following western occupation, would be a rapidly modernizing economy in Japan, a flooding of the world