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Essay / Research Paper Abstract
This 6-page paper discusses and analyzes the Japanese economy, talking about GDP and exports. There are also comparisons to the U.S. economy. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTjapaecon.rtf
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Unformatted sample text from the term paper:
II, Japan not only climbed out of the hole, but seemed to thrive in the aftermath, coming up with technological marvels such as transistor radios and fuel-efficient cars. Almost eagerly,
U.S. business students studied the corporate structure and economy of the Japanese, marveling at the interlocking keiretsu (which provided extraordinarily close relations between manufacturers, suppliers and distributors), and the guarantee
of lifetime employment for most of the workforce. U.S. business leaders marveled at the fact that the Japanese could make. Then came the
Asian crisis of the early 1990s, which put both keiretsu and the concept of lifetime employment under the magnifying glass, where they came up wanting. During the early 1990s,
and through much of the decade, Japan was forced to take a careful look at its ways of doing business. Japan and the 1990s Crisis
The 1990s crisis, ironically enough, started in the mid-1980s, when people began saving more money (Madsen and Katz, 2009). While savings increased, consumption decreased - though
the problem was hidden because of a combination of lose economic policies, financial technology innovation and poor regulation and oversight (Madsen and Katz, 2009). This led to inflation of assets
and a corporate investment boom (Madsen and Katz, 2009). Combined with that were huge trade surpluses, which caused GDP growth and corporate investment to skyrocket (Madsen and Katz, 2009).
It all came apart in 1989 and into the 1990s, when the bubble collapsed (Madsen and Katz, 2009). People were laid off (almost
unheard of in this country), and continued saving, rather than spending - which further exacerbated the situation (Madsen and Katz, 2009). Even as corporations paid down their mounting debt, people
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