Economy of Japan

The economic growth in China reached levels close to 8% in 2013. As the second largest economy in the world, this growth had a significant contribution to the global GDP growth, with the country contributing 51.3% of the global growth in nominal GDP (IMF, 2015). The country has adopted macroeconomic policies which have triggered a shrink in…

foreign country. There are four challenges in particular that stand out: 1. The North Korean nuclear threat 2. Japan–China tensions surrounding the Senkaku Islands. 3. The Japan and South Korea relations also further deteriorate after former South Korean President Lee Myung-bak’s visit to Takeshima. 4. Territory disputes over the East China Sea that has escalated leaving China and Japan disputing over the islets. The United States has declared that it will stay neutral over the islets and…

It postulates a continuous production function linking to the inputs of capital and labor which leads to the steady state equilibrium of the economy. Solow’s twist on the Harrod-Domar model is based on the law of diminishing returns to individual factors of production. Capital and labor go together in order to produce output. If there is plenty of labor relative to the capital, a little bit of…

Introduction Dual economy is an economy in which different sectors are growing at different rates. For example manufacturing and services industries or rural and urban areas many show significant differences in economic performance. Less developed countries have generally a dualistic economy, consisting of a large backward agrarian sector and a small modern manufacturing sector. During the process of development, an economy moves from a dual structure to one characterized by a larger…

exactly is the economy? The economy simply refers to all of the activities related to making and distributing goods and services in a geographic area or country. When the economy would start to decline, it would affect our income. There are four stages of the economy, which we called the Business cycle. The first stage is called recovery, in which the economy is growing and people are more optimistic about spending money. The second stage is called peak, which is when the economy is doing great,…

on specialization and exports, their economies flourished as the gold standard and heavy emphasis on international trade simplified the exchange process and connected them with new markets. “Fortunes were made by people developing a primary production and shipping it to Europe or North America” (Frieden 73). Through the principles of free trade and the golden age, specialized exports like Cuban sugar and Chilean copper boosted their respective domestic economies and provided capital for…

article covers many topics, but important topics are international relations, open world economy, and foreign aids. International relations focus on “material and political-legal” (Development Project, 56). This means that countries trade with each other…

has been described as independent, active and pragmatic. Two decades of Mahathir’s leadership have resulted in Malaysia becoming more internationally recognized as a model of stable, multicultural and developing country with a relatively impressive economy. The establishment of Malaysia's foreign policy under Mahathir more economically oriented than before, coupled with a strong and passionate advocacy for national rights, interests and aspirations of developing countries and the support of…

2001). So, what did Singapore do differently? As a country with a small open economy, Singapore is extremely susceptible to external actions, especially in the surrounding East Asian region. Therefore, the large and adverse economic shocks caused by the Asian financial crisis should have had a devastating effect on Singapore’s economy,…

investment trends. 2.2 Background on BRICs Emerging Economies The BRICs acronym stands for Brazil, Russia, India and China. The term was firstly floated by a Goldman Sachs’s paper in 2001, which attempts to project global economic trends over the next 50 years.17 It was anticipated that the emerging economies of the BRICs collectively would overtake the G6 (the US, Japan, the UK, Germany, France, and Italy) as a major force in the global economy in less than 40 years. The actual economic…