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This was mainly driven by the steadily growing population which gave rise to a growth in agriculture, trade and industry (Fairbank & Merle 89). China’s economy in this period was based on agriculture and all other sectors were either drawing from it or servicing it. In the era of the Song dynasty, China’s agricultural system was the most productive worldwide. However, China’s fast raising population quickly led to a decline in labor costs towards the 19th century (Fairbank & Merle 93). To overcome the situation, industrial producers started substituting labor for capital goods whenever the chance presented itself. Similarly, Japan’s population grew in the same period. A national unifier named Tokugawa Ieyasu established a dynasty after victory in battle. This gave way to changes including bringing in new crops from the West and Chinese technology in civil works. More land was put under irrigation. The government, under Tokugawa, opened up trade with the Western world and encouraged its people to take part in economic activities. It promoted industrialization by helping private businesses in allocation of resources and planning, while the private sector stimulated economic growth (Mosk 41). But unlike China, Japan’s growing population did not bring about a decline in labor costs.
In the 19th century, China and Japan were faced with similar situations of advancing industrialization with moderately low productivity levels in agriculture. Low agricultural productivity translated into low wages, and this factor presented both a challenge and an advantage (Fairbank & Merle 104). It meant that the labor supply in agriculture was elastic enough to move to manufacturing, which was an advantage. However, the challenge was how the farm labor could be freed up for employment in the factories by raising productivity of labor in farming. The different decisions made by the two countries to raise productivity of
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How will these be used as a manager? How are they being implemented where one is currently employed? Management Issues Effectively Managing a Diverse Organization A. Brief Overview The concepts of managing and incorporating diversity have significantly influenced organizational performance.
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Most of the changes in moods and behaviors in our daily life situations can at some point assumed mental problems (Busfield, 2011). Most of the remedies available to the mentally ill people are perfect but just a matter of tryout and boo-boo. Different doctors may diagnose a mentally sick person and come up with different causes yet they attended the same medical class.
These arguments make bad appear good and make people accept illogical conclusions. Fallacy is further characterized into informal and formal ones. The informal fallacies are found in everyday conversations between people, social networking sites, discussion boards etc. the
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esearch the topic through literature review to support the position that Liberal Arts graduates are less likely to get employment and earn less compared to their skill-specific counterparts.
E. The issue of employability and income is important to every student, whether in the
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