Economic Growth of Japan Cross
Economic Growth of Japan
Introduction & Thesis Statement
Japan boasts one of the strongest economies in the world. In terms of capacity, Japan's economy ranks third after the United States and China. Extensive emphasis on the technology, which acts as one of the strongest resources of the country, has thrust Japan into a world economic power. The emphasis on technology has helped Japan become one of the greatest automobile manufacturing countries. Although recently challenged by the emerging electronic and automobile technologies of Korea, Japan's highly successful electronics industry focuses on the cameras, computers, music and video-related products. International trade relations have contributed significantly to the development of the country's GDP. Japan's powerhouse economic engines – and its people – were seriously challenged in March 2011 by one of the most severe earthquakes – and tsunamis – experienced in Asia in many years. But although Japan has many government-related problems, including a struggling labor force, unemployment and disenfranchised youth, in the main Japan is bouncing back fairly well from that disaster.
Thesis: Notwithstanding the calamitous 9.0 earthquake, followed by an extraordinarily destructive tsunami that wiped out entire towns and took the lives of 15,854 people (in addition, 3,155 are listed as missing) – and caused radiation from a nuclear plant to be leaked into the air and the sea – Japan is coming back strong. The people of Japan are well educated, proud and resilient, and based on the economic structure it has worked hard to develop since the end of WWII, and notwithstanding temporary problems with unemployment and cutbacks by the government of certain benefits for workers and welfare recipients, Japan has the capacity to continue uninterrupted as a world economic power.
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