The Japanese Economy :: essays research papers fc

The lacquerese EconomyThe prewar economy of lacquer was a collectivistic economy and the country wasruled by an emperor up to WW2 and after WW2 it started to lean towards a mixedmarket economy until what it is today although its government is socialist it isleaning towards a mixed market economy.The Japanese economy is a mixed economy that leans towards market, it islike this because almost all business are place by private corporations or peopleand that is the market in the economy. And the reason that they are thriving andare so competitive is because of the trade tariffs and quotas that thegovernment has in place. These regulations include heavy taxes on some productsand denial on some others for example the way Japan lead only let certainextraneous cars in to Japan and even then they are so heavily taxed that theaverage Japanese person cant pay that much and will have to buy a Japanese madecar and at the same time in other countries they are selling their cars for lessthan anyone else in that country and that is what they do with most of theirproducts and is how they get a trade surplus year after year.Manufacturing is the most important economic activity in Japan itaccounts for about 28% of its GDP. The Japanese people import to a greater extent than halfof the products that they manufacture from other countries in their crudest formand manufacture them into transportation equipment, iron, steel, chemicals, crude oil and coal products and textiles. Most of these products are produced bylarge corporations with many employees and the happier the employees are the much it will be done.An aspect of a market economy that Japan has is the way the companiestreat their workers. The way the Japanese treat their workers is so differentform the way we treat our workers here. The Japanese are so much more respectfultowards their employer( the exact opposite from other countries especially thosewith a centralised economy) and often work for one employer until ret irement.Some of the special treatment that the workers receive is admit some of thecompanies namely Honda have a special housing unite for their workers and theirfamilies and a company cemetery for all the workers and their families. Becauseof this the employees work habits are much more productive and a larger profitcan be turned and they can get a jump on the competition.In centralised economies truly few lucturies are returned to the peopleand in market economies most of them are, in Japan there are to kinds of people