We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Political Economy of Japan - Essay Example

Comments (0) Cite this document
Summary
The economy of Japan had historically been a locked nation, giving high importance to exports rather than imports. However, there are some positive as well as negative sides to such a policy, which led some groups to support the regime, while others to go against it. The following paragraphs deal with the arguments forwarded by the groups, in support of their stances…
Download full paper
GRAB THE BEST PAPER
Political Economy of Japan
Read TextPreview

Extract of sample
Political Economy of Japan

Download file to see previous pages... • The national authorities had been in favour of trade liberalization
Japan had historically been in favour of trade liberalization and deregulation of all trade barriers. Prior to 1960, Japan had imposed strict trade restrictions in the form of quotas and tariffs. However, gradually these impediments were lifted so that the domestic industries gathered the technical skills to compete with the external players. Nevertheless the national authorities had been cautious about the protection of the domestic sector or the indigenous firms. But, all its qualms were erased when the newly adopted trade policy became a huge success in 1963, which was prominent through soaring economic growth rates.
Despite the high success of trade liberalisation, the nation experienced trade deficits in the early 1970s, mainly due to hikes in oil prices. Hence, the nation submerged in a phase of high inflation. This initialised the government to tighten its monetary policies and control the flow of money in the nation, leading the nation to a period somewhat similar to that of a recession. These external factors also made them impose certain restrictions on their international trade arena (Ho, 1977).
• The national authorities of Japan had been more or less against liberalisation and deregulation between 1970s and 1990s
The Japanese economy, unlike its neighbours had remained stringent regarding international trade relations prior to the East Asian crisis of 1997. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Political Economy of Japan Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1564071-political-economy-of-japan
(Political Economy of Japan Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/macro-microeconomics/1564071-political-economy-of-japan.
“Political Economy of Japan Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/macro-microeconomics/1564071-political-economy-of-japan.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
GLOBAL POLITICAL ECONOMY
The US monetary policy of 1979 was based on the decisions of Paul Volcker – the chairman of Federal Reserve Bank (Rugman et al. 2003). Paul Volcker, who was appointed in the particular position in August 1979 (Rugman 2003, p.110), introduced a series of radical changes in the US monetary.
8 Pages(2000 words)Essay
Global political economy
He supported the view that society was best served by one supreme leader supported by the military. He was called the "Generalissimo" and, like other dictators, he had his secret police to enforce law and order - the Blueshirts. Their job was to hunt down communists and to develop a spying system that would allow them to infiltrate the communists.
10 Pages(2500 words)Essay
Political Economy of Oil
The supply of these resources is supposed to be controlled by the economic factors. However, other than the economic factors non-economic and political factors have also played their part in bringing unsteadiness in the oil prices. There are different developments that have affected the political economy of oil.
10 Pages(2500 words)Essay
Economy of Japan
Its economy is the second largest after the United States in real terms and by far the largest in terms of GDP, set at an estimated $3.914 trillion and a per capita income of $30,700 in 2005. In terms of PPP, the Japanese economy is second to the People's Republic of China in all Asian economies.
13 Pages(3250 words)Essay
Political Economy of Japan
In order to keep tight control of the elite over people, the hegemonic class of Japan selectively hired some elements from the liberal logic and the traditional ideology . In terms of liberalism, the main element employed by the Meiji Japanese leaders was the idea of equal opportunity, which allegedly guaranteed that everyone could get awarded according to his/her talent.
6 Pages(1500 words)Essay
The Political Economy of Japan
Through the adaptability of the Japanese firm in finding ways to re-strengthen their international competitive power, Japan's economy was able to resurrect (Itoh n.d.). Ulrike Schaede's book was entitled Choose and Focus: Japanese Business Strategies for the 21st century.
3 Pages(750 words)Essay
Role of Political Parties in Japan
Japan is an Island country which consists of four major and thousands of small islands. It has an area of 377, 835 square kilometers.
12 Pages(3000 words)Essay
Political ecnomony of japan
It is these differences which make the two stand worlds apart in literal and figurative terms. In terms of time, the occupation of Japan came
2 Pages(500 words)Essay
Political Conflict in France and Japan
Different political parties can contest for public office in both countries. In the past, Japan did not have this privilege, whereby all political
2 Pages(500 words)Essay
International Political Economy
The relationship between politics and economics are interrelated in that they affect each other by either controlling the policies or practices. This is essay will dwell on the three main challenges facing the International Political Economy the roots, causes and possible remedies that could solve these issues .
8 Pages(2000 words)Essay
Let us find you another Essay on topic Political Economy of Japan for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us