Chapter 8-book2

Chapter 8-book2 - Chapter 8-To the Twenty-first Century How...

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Chapter 8-To the Twenty-first Century How is Japan’s current economic position? How does that concern other countries? - Japans current position o favorable position in global economic and power-political order o nature of economic growth sustained economic growth without political responsibilities or territorial disadvantages yen at artificially low level boosted exports restrictions on imported goods liberal trading order - Economic sphere concerns China most o Japan as leader for 21 st century economies Emulation by other Asian newly industrialized countries Hostile reaction of Americans and Europeans to penetration of domestic markets by Japanese products Japanese growth slowing down as more mature economy Also very dependent on raw materials so benefits from change in terms of trade Appreciation of yen value reduces cost of imports Surge of industry towards promising economic sectors Structural advantages over rivals Role of MITI (Ministry for International Trade and
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This note was uploaded on 02/28/2011 for the course HIST 038 taught by Professor Burns during the Fall '10 term at GWU.

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Chapter 8-book2 - Chapter 8-To the Twenty-first Century How...

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