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Essay / Research Paper Abstract
This 7 page paper analyses the development of Japan after the Second World War using Porter's Diamond of National Advantage to explain the successes seen especially in the electronics and technology sectors of the country’s economy. The bibliography cites 6 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEjapdev.rtf
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Unformatted sample text from the term paper:
Japanese economy was in tatters. The devastation was felt throughout all the sectors of society, the need to change the economy structure in order to facilitate an economic recovery became
a priority of the post war government. There was a recognised need to develop in order to survive and thrive. The country was already one that had developed a capitalist
economy. The development, as we now know was a success. The turnaround was amazing and many of the lesson learnt came form looking at other countries. If we wish to
consider the way that Japan developed in the post war years that are many tools that may be used. One of the more useful tools is that Porters Diamond model.
Porters Diamond model is a useful model for analysing the competitive environment and the development of countries. This works n a similar
way to the five forces model but the more direct influences are considered. In graphical form this can be seen as a diamond with four facets and the business in
the middle. The influences that this encompasses are firstly the factor conditions. Secondly, the demand conditions (Porter, 1999). Third the related and supporting industries and last the firm strategy and
rivalry (Porter, 1999, Weller, 1999). Just as with any model the accuracy will depend on the quality and accuracy of the input information, especially when we consider the very broad
influences it considers. This tool is it is suitable for a wider range of uses, Porter describes it as: "microeconomic-based approach to economic development for governments" (Porter, 1999). This model
can be applied to the development in Japan. Factor condition look to several influences. It is worth remembering that any country will
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