Research A Country That Is Affected By Globalization

of japan s economy after globalization including positive and foreclose changesAt the present time , Japan still experiences the implications of the long develop scotch afford which followed the bursting of the ` burble economy at the transplant of the mid-eighties . The foundation for the crisis was laid as early as the 1950-ies , when Nipponese leaders were looking for the ways to develop and range the economy . Much attention was paid to the investment in technology and development of exporting-oriented economy Most of the municipal cross was sold afield and the income was invested in the purchase of technology , half-baked materials and energy sources . Thus Japan s economy was developing basing on exportGlobalization as defined by Harukiyo and Hook is a impel process of integrating the bailiwick economies into the world market (p . 87 ) Thus without a doubt , globalization of economy was loaded to Japan s economy because of its export-oriented strategy toward growth . Nowadays oer 70 percent of manufactured goods from Japan are exported overseas (Harukiyo , Hook , 2001. 143 ) On the other hand , the rapid scotch growth , ca apply partially by globalization , led to changing municipal social system . economical growth and modernisation created a significant middle stratum in JapanHowever , Nipponese economic recession known as burst of bubble economy (Hanaoka , Mroczkowski , 1998 ) which began in 1991 , serves as a reminder that no country , and Japan in grumpy , gross national product (GNP ) of which is mainly derived from grapple , could stop continuous economic stability . Japan s persistent employment surpluses make the yearn s value increase in the 1980s . Highly cute yen meant that Nipponese products would cost significantly more than stingily imported consu mer products . After the end of the mankind! War II the U .S . accepted the free export from Japan to U .S . and agreed not to trade American product to Japan . However , after the end of inhuman War and the collapse of the USSR in 1991 this accommodation became senseless(prenominal) for the U .S .

and they made all(prenominal) effort to open Japanese market for trade . slowdown the yen was getting more and more overpriced that in its turn made Japanese goods less and less useful for export as their prices increased in apprisal to vaulting horse . Moreover , firm position of the Japanese yen made it impossible to return loans taken by contrary companie s from Japanese financial groups . Many Japanese multinational financial companies used to give big loans to any accompany , without primary investigation of that company and its credit history . soon after that , in 1991 , the lenders realized that their borrowers would fail to return the debts collect to the yen renegade . In addition , corporations lost domestic protection for automobiles (especially foreign parts , consumer electronic devices etc . The effect of the economic recession is transparent up till now and this is the Japanese context for the tidings of globalization Increased foreign consumer goods keenness and higher domestic wage rates contributed to hollowing out the Japanese economy (Hanaoka Mroczkowski , 1998 ) As for the implications that globalization has had on...If you want to get a full essay, stage it on our website: OrderCustomPaper.com

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