Samurai, Daimyo, Matthew Perry and Nationalism: World History Crash Course # 34
Until recently, the Japanese economy has been growing rapidly Much of this growth was the result of an increase in worker productivity The increase in productivity is due capital machinery mainly to the increase etc. per worker, advance in technology, a highly skilled and educated workforce, government policy and support a global business environment, however, Japan's miracle economy of the 1960s and 1970s may be a thing of the past nation faces slower growth problems.
Economic growth has increased the standard of living of the Japanese people to the United States and more income is more evenly distributed in Japan and the United States.
As the United States, the Japanese economy has moved from manufacturing toward services Its companies have successfully used the countries of Southeast Asia as labor reserves at low cost The transition to an economy more services also shows the changing tastes of Japanese consumers.
Japan is densely populated - it is the eighth most populous nation in the world.
The amount of land in Japan suitable for agriculture is insufficient to produce enough food for a large population of Japan Consequently, Japan imports most of its food from other countries.
Japan does not have many raw materials needed for industry and energy, such as oil, coal, iron ore, copper, aluminum and wood Japan has to import most of these products.
To pay for these imports, Japan must export a variety of manufactured goods to other countries the main Japanese exports include electronic equipment and cars.
Trade with other countries in international trade is very important in Japan.
The products Japan exported have changed over time, agricultural commodities to manufactured products, textiles, steel, and cars from Japan are no longer competitive in agriculture as it has little farmland Today ay, manufacturing is simple too expensive due to high wages of Japanese workers of Japan is also less competitive in the energy-intensive industries such as petrochemicals and aluminum since the country has few energy resources national.
Japan buys Middle Eastern oil as oil prices rose in 1973, Japan has spent more money on oil than any other product imported from the Middle East countries can not use all the products from Japan need to sell or exchange for the oil it uses, so Japan needs to sell its products elsewhere.
When a country sells more to a nation that buys him, trade between the two countries bilateral trade is not balanced in a world where many countries trade with each other, it is natural that countries have deficits bilateral trade with certain countries, and bilateral trade surpluses with others it is because trade encourages countries to specialize in the production of things they produce well, and import those things they can not produce and another country.
The nation becomes more specialized the more likely a trade deficit with countries supplying oil of inputs and raw materials in the case of Japan, and trade surpluses with countries that buy the end products This model takes particularly for Japan Japan buys coal and other raw materials from Australia and utilizes these resources to produce high technology products, it can not sell enough of its finished products to Australians to pay for raw materials so she buys them, it runs a trade deficit with Australia, which he pays by trade surpluses with other countries, for example, in France.
Japan and the United States are important trade partners, however, there is an imbalance in their trade This is part of the model mentioned above Japan uses its trade surplus with the United States to pay for its trade deficits with the Organization of petroleum exporting OPEC Les Nations.
Contemporary Japan Teaching Workbook Columbia University, East Asia Project curriculum.
Economy and Trade, Japan Leaf, the economy, trade, Japan.
Экономи, Пенсильвания, США