Japan and Labour economics
Japan On Its Way To Be The World's Largest Economy Japan has performed a miracle. The country's economic performancefollowing its crushing defeat in World War II is nothing short of astounding.The economic expansion of Japan is second to none. All of the elements are inplace for Japan to continue increasing its share of the world's wealth asAmerica's gradually declines. The country is on track to becoming the world'slargest economy. How did Japan do it? There are many theories and studies thathave traced the Japanese miracle without success. The answer to the mystery canbe found by examining Japan's culture, education, and employment system. Japan'ssuccess is not just a case of good technique and technology in business, but areal recognition and development of the necessary human skills. A better understanding of the Japanese society provides the framework tounderstanding the workings of Japanese business (and possibly the Japanesemind.) The ways of the Japanese provide a foundation for their economicadaptability in modern times. Japan is a culture where human relations andpreservation of harmony are the most important elements in society. "It istheir sense of identity and destiny which gives their indust
But there are manyadvantages to such a system. "10 "The whole system is based around apeople-centered management. The company's long term success always has tobe on the mind of the manager. The attainment of excellence within this complex environment, andthe importance it holds for one's future is stressed early. This is a fact of lifethat is preached through the media and taught constantly to Japanese throughouttheir lives in school, from parents, and when they enter the working world. "6 "The primary and secondary educational system is probably the mostcomprehensive and most disciplined in the world. While in the western world, individuality and independence arehighly valued, Japanese society emphasizes group activity and organization. Ever since the Tokyo stock market entered a period of decline in 1990,the Western press has attacked aspects of Japan's economics and portrayed Japanas in an economic slump. "23 Attacks on Japan's ways are countless. "15 By contrast, American employers see suchtraining as a risk because the workers are free to take their skills to rivalemployers. The public school system not onlyproduces good, obedient citizens, it produces good workers. Japan is not crumbling, it has now surpassed the U. Yet, "lifetime employment as practiced in Japan isno more than a general guiding principle.
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