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.
Nobody downloaded yet

The Main Goals of Japan Economy - Essay Example

Comments (0)
Summary
The writer of this essay describes the main goals of Japan economy and analyzes the main indicators used to measure such macro outcomes. Japan economy is competitive and efficient on international trade as shown by the net exports, major contributors being the manufacturing and industry sector…
Download full paper
GRAB THE BEST PAPER
The Main Goals of Japan Economy
Read TextPreview

Extract of sample
The Main Goals of Japan Economy

Download file to see previous pages... Catch up effect theory speculates that poorer and richer economies will grow faster than richer nations; this, therefore, means that they will converge at some point in terms of their per capita incomes. In the chart below there is no catch-up effect because developed countries like Japan has a per capita of 30866 as compared to Congos 374 (GAPMINDER, p. 2).
Japan is currently ranked number 12, with a human development index of 0.901, compared to the world’s average of 0.682. Human development index shows a three-dimensional measure of human development which includes assessment of health, education, income, inequality, and poverty. With HDI of 0.901, Japan has a very high standard of living and is currently viewed by economists as one of the most expensive countries to live because of its market competitiveness.
A lot of expatriates working in Japan live in big cities like Tokyo and Nagoya. The incomes of most of the residents are enough to provide them with the basic necessities. With the very high propensity to consume among the citizens a number of them still have the surplus for their leisure and personal satisfaction. This high standard of living has been on a rising scale from 0.778 to 0.901 between 1980 and 2011 showing a 16% increase (Human Development Indicators, p. 14).
Japan is a very strong economy as shown by the above indicators. It has got a very high economic growth as compared to other nations with a free market and industrialized economy; it is ranked the second in the world in terms of wealth. Even though there was a reduced growth in Gross Domestic Product between 2007 and 2009, the economy picked up in 2010 with a GDP growth of 4% which is quite encouraging. The recent reports confirmed that Japan posted a 1% expansion in the quarter of 2012 over the previous quarter. Japans economy is also experiencing positive net exports of 1.1% of the Total GDP. Its economy is competitive and efficient on international trade as shown by the net exports, major contributors being the manufacturing and industry sector. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Japan economy after the earthquake and tsunami
The massive 9.0 earthquake and its subsequent tsunami devastated the people of Japan. The tsunami drowned entire villages. Over 13,000 people lost their lives in the natural disaster and over 14,000 additional people still missing (Gather). The earthquake that hit Japan along with causing great human suffering had devastating effects in the economy of Japan.
3 Pages(750 words)Research Paper
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
The Economy of Japan
The Japanese currency is the Yen, one Japanese yen today is equivalent to 0.008 US dollars, in the recent past the Japanese yen has strengthened against the US dollar, factors such as internal inflation, unemployment levels and fiscal and monetary policies have contributed to the fluctuations in the exchange rate of the Japanese yen against other currencies.
4 Pages(1000 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
Relationship Banking: Meeting Sales Goals in Today's Economy
Relationship banking is defined by Perrien, Filiatrault, & Ricard (1992) as the practice of building on existing business relationship so as to enhance
8 Pages(2000 words)Research Paper
Political Economy of Japan
During this Taisho era, Japan has been able to enjoy the parliamentary government based on British model. The period started with the Hara cabinet and end with fall of Wakatsuki cabinet.
6 Pages(1500 words)Essay
Political Economy Of Japan
Political economy of Japan is a highly debated topic among the external world because of the immense growth Japan achieved even after the total destruction of its resources by the Second World War. This essay aims to find who is responsible for Japan’s economic progress since the Second World War and how does it happened.
6 Pages(1500 words)Essay
Political Economy of Japan
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.
8 Pages(2000 words)Essay
Post-war Economy in Japan and China
The United States’ occupation of Japan in 1945-1952 was essential for the development of a new approach to dealing with defeated nations in post-World War II. Rather than overburden the nation with reparations, the occupation was essential for rejuvenating American erstwhile foes. Before the occupation, Japan was a feudal society.
8 Pages(2000 words)Essay
Let us find you another Essay on topic The Main Goals of Japan Economy 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