Incentive Regime
Index Japan (most recent)
Group: All Japan (1995)
Group: All USA (most recent)
Group: All USA (1995)
Group: All Education
Index Japan (most recent)
Group: All Japan (1995)
Group: All USA (most recent)
Group: All USA (1995)
Group: All Innovation
Index Japan (most recent)
Group: All Japan (1995)
Group: All USA (most recent)
Group: All USA (1995)
Group: All Information Infrastructure
The analysis shows that although both the U.S. And Japan remain at the forefront of these respective categories among the countries of the world, the U.S. still leads Japan across the board but both countries have experienced moderate downturns in all key metrics since 1995 except in terms of innovation. According to Karoly and Panis (2004), the economies of the United States and Japan are expected to continue to be in the forefront of new technological developments and their applications in markets for products and services. In the future, those countries expected to be on the leading edge of the technology revolution are those that have well-developed physical and regulatory/legal infrastructures, highly educated workforces (particularly it professionals), efficient capital markets, and economies and societies that are open, flexible, and adaptive to change; clearly, Japan and the U.S. enjoy those qualities and more.
Conclusion
The research showed that the United States and Japan have entered the 21st century as free market powerhouses, but they reached this position in the world community by very different paths indeed. The United States is a highly heterogeneous country, while Japan is...
Despite these stark differences, though, the research also showed that both countries are populated by hard-working and industrious people who have identified effective ways to compete in an increasingly globalized economy, and it can reasonably be said that the U.S. And Japan will continue to value their commonalities while celebrating their respective differences far into the future.
References
Carlile, L.E., & Tilton, M.C. (1998). Is Japan Really Changing Its Ways? Regulatory Reform and the Japanese Economy. Washington, DC: Brookings Institution Press.
Geiger, S.W., & Hoffman, J.J. (1998). The Impact of the Regulatory Environment and Corporate Level Diversification on Firm Performance. Journal of Managerial Issues, 10(4), 439.
Japan. (2005). U.S. Government: CIA World Factbook. Available: http://www.cia.gov/cia/publications/factbook/.
Karoly, L.A., & Panis, C.W.A. (2004). The 21st century at work: Forces shaping the future workforce and workplace in the United States. Santa Monica, CA: Rand.
McCormack, G. (1996, June). Afterbubble: Fizz and concrete in Japan's political economy. Japan Policy Research Institute Working Paper 21. Cardiff, CA: Japan Policy Research Institute. In Carlile & Tilton, p. 91.
Moon, B.E. (2000). Dilemmas of international trade. Boulder, CO: Westview Press.
Schoppa, L.J. (1997). Bargaining with Japan: What American pressure can and cannot do. New York: Columbia University Press.
United States. (2005). U.S. Government: CIA World Factbook. Available: http://www.cia.gov/cia/publications/factbook/.
