Japans rise from the ashes to the pinnacle of economic prestige
JAPAN'S RISE FROM THE ASHES TO THE PINNACLE OF ECONOMIC PRESTIGEJapan is one of the world's leading economic powers when concentrating on its Gross Domestic Product of four point two trillion United States dollars. Its economy is only second to the United States in terms of production. However, Japan has not always contained a relatively strong economy. The Japanese's economic strategies have boosted economy to new heights since its fall during the second world war because of their unorthodox manner of business etiquette, innovative strategy, and strong relations with stable economies such as Canada and the United States. The rise to the top did not occur without a large struggle as many problems did occur after the Second World War left Japan economically devastated. Japan's journey has left them at the Following world war two, Japan's economy was absolutely devastated. From 1937 to its defeat in 1945 Japan poured all of its strength into the war. The industrial sector was diverted into a swollen military production sector. The strongest and swiftest
Even so, the war did award JaPan with some benefits. Wartime technology was reborn during the postwar as Japan became one of the world's leading countries in the technology industry. Arable land in Japan is scarce and extremely expensive and fifty-six percent of the forest area is privately owned. The increase in electrical power produced by the Sakuma dam, as well as increased technologies in the area of shipbuilding; automobiles, electrical machinery, sewing machines and cameras helped put Japan on a path to being more competitive. One of the reasons for sluggish business investment within Japan was due to the unstable nature of the economy and a thus a flight of capital to the United States and other stable markets. The refusal of importing the American vaccine caused much grief. Another reason for this increase in debt was that the private sector was unresponsive to the stimulus. Employment in manufacturing started to fall; however the difference was absorbed by the construction industry which soon became overloaded. The recession of 1991 to 1993 was the second largest recession in the postwar period. The USSR is in closer proximity with Japan; however, political differences and problems made Japan view the USSR as an extremely unstable and undependable source of agriculture. The citizens who stayed in Japan often worked in military factories, and faced the constant threat of air raids. It is very possible for the Japanese people to overcome the conditions brought upon by the recession through the policies they have adopted, different from our own, and become the number one leading country in Gross Domestic Product. Unemployment grew, which raised concerns about job security and reduced people's willingness to consume. As the Japanese economy struggled to rise from the ashes, it built itself an economy based on technology, which is evident especially in the machinery, transportation and steel industries. It is a very competitive environment and if they can not cut it their career goals will not be anything but an ever-lasting dream.
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