{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

9_24_Notes - power al wasted so that with the subsidy of...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 4730 F2008 (9/22/2008) So far the discussion in this class, following variousw chaptreres inwan (2004) can be inter-related with each other in the following manner. The key issue here is the process of product cycle, or industry migration. In chapter 4 of Wan (2004), Kojima discussed the demographic forces operating on Japan, in the 1960s and early 1970s. The effect of rising household income made Japanese families to make the quality-quantity choice for their children, so fewer children were born, heading more likely for longer education, than an early employment at dead-end jobs for the traditional industries, while the cause for higher income was the rising productivity, and hence, ability to compete for labor input, on the part of the Japanese modern industries. The net result was every Japanese high school graduates got seven job offers. Labor shortage left the non-labor inputs (like management) high and dry, with their earning
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: power al wasted, so that with the subsidy of the Bank of Japan and the assistance of the Japanese general trading companies , the owner of firms in traditional industries became ready to invest abroad. The question became where to go? Since Korea and Taiwan were under Japanese administration before the end of World War II, many people their could speak Japanese. They and the would-be investors from Japan also know what is expected from each other in a joint venture. Since the historic relationships between Japan on one side and Korea 2 1 3 4 The process 1 good, 1 country The process n goods, 1 country The process n goods, n countries The context Econ 4730 F2008 (9/22/2008) and Taiwan on the other side are somewhat different for Korea, as compared against Taiwan., it took longer for Korea to normalize the economic relations with Japan than for Taiwan, but once started, Korea caught up with Taiwan fast....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern