Multinational Business in Japen and South Easr Asia - Essay Example

Only on StudentShare

Extract of sample
Multinational Business in Japen and South Easr Asia

Japanese economic growth following the American occupation wars remarkable for its magnitude, speed and downright relentlessness. Between 1957 and 1984, Japan's gross national product increased from $3.08 billion to $1.261 billion, a 42-fold jump. Moreover Japan's economy grew at an annual rate of 9 percent per year during the high-growth years of the 1960s. How was this economic miracle achieved
Japan has employed a version of "developmental capitalism" that allows for a much greater government role in promoting Japan's international competitiveness than is typical in Anglo-American liberal capitalism. Japanese business and government leaders started to develop and implement policies aimed at promoting national economic growth following the end of the U.S occupation of Japan in 1952. The government has positively influenced economic growth through wise macroeconomic policies. Business in Japan has maintained very close relations with the bureaucracy and politician.
Japan's gross national savings at its zenith reached nearly 40 percent in the post-war period. Between 1960 and 1980, the Japanese saved around 20 percent of their disposable personal income. ...
Download paper

Summary

Japan's extraordinary economic achievements during the post-world war II period inspired awe throughout the world. In the course of three decades, Japan transformed itself from a war-devastated country, whose industrial recovery cantered on the production of "cheap gadget" and light consumer goods, into an affluent and technologically sophisticated global industrial leader…
Author : destinwiegand

Related Essays

South Korean Financial Crisis
6 pages (1506 words) Case Study
Social Darwinism and Business Ethics
2 pages (502 words) Essay
National Subsidiaries of Multinational Companies
20 pages (5020 words) Essay
Terrorism in Southeast Asia
6 pages (1506 words) Essay
Globalisation and Americanisation
6 pages (1506 words) Essay
International business paper exam
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!