Research A Country That Is Affected By Globalization

of japan s economy after globalization including positive and prohibit changesAt the present time , Japan still experiences the implications of the long condition economic afford which followed the bursting of the ` burble economy at the remove of the 1980s . The foundation for the crisis was laid as early as the 1950-ies , when Nipponese leaders were looking for the ways to develop and assert the economy . Much attention was paid to the investment in technology and development of export-oriented economy Most of the municipal crossroad was sold afield and the income was invested in the purchase of technology , mad materials and energy sources . Thus Japan s economy was developing basing on exportGlobalization as defined by Harukiyo and Hook is a propelling process of integrating the bailiwick economies into the world market (p . 87 ) Thus without a doubt , globalization of economy was discriminatory to Japan s economy because of its export-oriented strategy toward growth . Nowadays oer 70 percent of manufactured goods from Japan are exported abroad (Harukiyo , Hook , 2001. 143 ) On the other hand , the rapid economic growth , ca apply partially by globalization , led to changing domestic social system . Economic growth and modernisation created a significant middle class in JapanHowever , Nipponese economic recession known as burst of bubble economy (Hanaoka , Mroczkowski , 1998 ) which began in 1991 , serves as a reminder that no country , and Japan in particular , gross national product (GNP ) of which is mainly derived from trade , could expect continuous economic stability . Japan s persistent trade surpluses make the yearn s value increase in the 1980s . Highly cute yen meant that Japanese products would cost significantly more than stingily imported consumer products . After the end of the World War II the U .S . accepted the free export from Japan to U .S . and agreed not to trade American product to Japan . However , after the end of Cold War and the collapse of the USSR in 1991 this accommodation became senseless for the U .S .

and they made all(prenominal) effort to open Japanese market for trade . slowdown the yen was getting more and more expensive that in its turn made Japanese goods less and less useful for export as their prices increased in relation to vaulting horse . Moreover , firm position of the Japanese yen made it impossible to return loans taken by contrary companies from Japanese financial groups . Many Japanese international financial companies used to give big loans to any company , without primary investigation of that company and its credit history . Soon after that , in 1991 , the lenders realized that their borrowers would fail to return the debts due to the yen renegade . In addition , corporations lost domestic protection for automobiles (especially foreign parts , consumer electronic devices etc . The effect of the economic recession is transparent up till now and this is the Japanese context for the tidings of globalization Increased foreign consumer goods penetration and higher domestic wage rates contributed to hollowing out the Japanese economy (Hanaoka Mroczkowski , 1998 ) As for the implications that globalization has had on...If you want to get a full essay, stage it on our website: Orderessay

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