Asia Pacific Business - Assignment Example

Question One: Flying Geese Model of Development: The flying geese model (FG) gives an explanation on how emerging economies will catch up with developed economies through the process of industrialization. The FG gives an explanation of this process through the following perspective (Lye, 2010),The Intra-industry perspective: This is a situation whereby the product development of a particular developing country that has a single industry, grows through a three time series curve. These curves are, production, exports and imports.

Inter-industry perspective: This involves a sequential development of industries in a developing country. Industries are upgraded and diversified from consumer products, to capital products. International perspective: This involves the relocation of industries from developed to developing countries. Under this model, diversification refers to the process whereby an industry would move from producing consumer goods, to manufacturing capital goods (Aryeetey, 2003). Rationalization involves the adoption of techniques that can lead to efficient production of the capital goods.

Question Three: Japanese Economy: The following are the reasons why the Japanese economy stagnated in the 1990s (Menkhoff, 2010), Surplus savings of the Japanese people: Japan has a tradition of a high savings rate, and a low consumption rate. During the periods of growth, the Japanese government used these savings for purposes of constructing roads, and infrastructures (Lye, 2010). In 1990s, this surplus savings became a structural impediment to the growth of Japan (Asher, Newman and Snyder, 2002).

There was a severe slump in its demand, causing the Japanese economy to stagnate. The Liberal Democratic Party, and Political Interests: The support of various interest groups by LDP made it fail to implement various measures aimed at improving the economy. This includes, failing to implement reforms that could tackle non-performing loans (Lye, 2010).Mismanagement of policies:Lack of good leadership led to development of ineffective policies such as the consumption tax of 1997. These taxes led to an increase in prices of commodities, leading to stagnation in growth (Menkhoff, 2010).

Structural impediments;The Japanese complex economic structure led to its economic stagnation. The symbiotic relationships between the ministry of finance and other cooperation’s between its jurisdictions have contributed to the stagnation of its economy (Lye, 2010). There is also little transparency in the economic affairs of the state. Appreciation of Yen: The appreciation of Yen led to the depreciation of assets, resulting to a fall in the Japanese economy. Since this period, the Japanese economy has seen a systematic recovery.

Question Five: Why Governments Implement Technology The government would wish to implement technology because of (Cavoli and Rajan, 2009), The use of information technology helps in improving communication between the different organs of the government. This leads to an improved delivery of services.It is possible to use technology in agricultural development (Rowley, 2007). It will enable farmers improve their produce, hence feeding the nation. For example, the use of green houses to produce fruits, and vegetables.

Technology helps in the creation of jobs. This is mainly because the government will employ new people in the vacancies brought forth by these technologies. For example, technological innovations in the mobile phone industry will create jobs in the industry.The best technologies in the Asian Pacific Regions are technologies on that facilitate agricultural development, and communication. Bibliography:Aryeetey, E. (2003). Asia and Africa in the global economy. Tokyo: United Nations University Press. Asher, M. G.

, Newman, D., & Snyder, T. P. (2002). Public policy in Asia implications for business and government. Westport, Conn.: Quorum Books. Cavoli, T., & Rajan, R. S. (2009). Exchange rate regimes and macroeconomic management in Asia. Aberdeen, Hong Kong: Hong Kong University Press. Lye, L. H. (2010). Sustainability matters environmental management in Asia. Singapore: World Scientific. Menkhoff, T. (2010). Governing and managing knowledge in Asia (2nd ed.). Singapore: World Scientific. Rowley, C. (2007). Management in South-East Asia: business culture, enterprises and human resources.

London: Routledge.