Lecture_17_Fall_2016 - USA 1902 Wheat reaper 26 horses bloc...

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South Dakota, 1907: Plowing & seeding by steam Japan 1910s, Photos E. Hilton USA, 1902: Wheat reaper 26 horses bloc
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Source: Dylan Matthews, based on data from Credit Suisse h8p://
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Growth in real average income for the bottom 90% CEPR, 2015
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Cars (13%)
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Toyota FT-1 Super GT
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Sustainable supply of natural resources in Japan to maintain its infrastructure and manufacturing base “Japan’s Mineral Resource Strategy and Policy” 1. Why are mineral resources important to Japan today? 2. What mineral resources are important to Japan? 3. Context: a) History of Japan’s mining industry b) Challenges concerning mineral resources 4. What’s Japan doing about this? Compared to other countries?
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Example of Mineral Resources Used in Daily Life: Hybrid Car Drive motor, electric power steering Neodymium (Nd), Dysprosium (Dy), Copper (Cu) Body/Steel components Iron (Fe), Zinc (Zn), Nickel (Ni), Chrome (Cr), niobium (Nb), Titanium (Ti), Molybdenum (Mo), Manganese (Mn), Vanadium (V) Battery Lithium (Li), Cobalt (Co)/ Nickel (Ni), Cerium (Ce)/ Lead (Pb), tin (Sn) Light Gallium (Ga) Display Indium (In) Manufacturing process Carbide tool Tungsten (W) Cobalt (Co) Motor in a machine tool Neodymium (Nd), Dysprosium (Dy) Wire harness Copper (Cu), Beryllium (Be) * : Elements used in a car 11 Catalyst for exhaust gas Platinum (Pt), Palladium (Pd), Alumina (Al), Zirconia (Zr), Cerium (Ce) (Y. Kaku, 2015)
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Mineral Resources Are Essential for Products with High International Competitiveness 12 Mineral resources are essential for products with high international competitiveness Sale and global share of major advanced products and parts (2012) <Legends> Figures: (global share, sale of Japanese companies) Circle size: amount of the sales of Japanese companies End product (electronics) End product (automobile) Component/device (electronics) Components (automobile) Medical/bio products Others (Source) Results of the Quantitative Survey on the Position of Japanese Companies under Global Competition by the Ministry of Economy, Trade and Industry (2012) (Fuji Chimera Research Institute, Inc.), Prediction of the Global Electric Information Industry by JEITA, etc. Global share of Japanese companies (%) Global market size (yen) (Y. Kaku, 2015)
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Japan imports 100% of almost all base metals and rare metals from overseas .
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