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Essay / Research Paper Abstract
This 12 page paper considers the economies of the US and Japan and their performance since 1975 to the present day. The writer looks at the similarities and differences in order to consider how other countries with developing economies may benefit from Japans lessons. The bibliography cites 8 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEjapus1.rtf
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Unformatted sample text from the term paper:
economy is isolated form the impacts o the global situation. Furthermore, where there are significant trading relationships the trading partners economic performance will also have a significant impact on the
home nation. Therefore when we look at any country, we must consider the indirect and direct impact this has on other nations. If we look at two countries that have
large economies such as Japan and the US we can consider how they compare as well as look for evidence of interaction or global impacts that influences them both. We
will start with a general comparison and then look at each country in turn. The US is the larges economy on the globe, it is also the most technologically strong,
however, the Japanese economy has also grown and is also seeking to gain advantages over other countries by the use if technology. The countries have positive growth in current years,
with the GDP of the US amounting to $9.963 trillion in 2000, with Japan achieving $3.15 trillion, however, when we look at this in terms of GDP the difference is
not as great as would appear form these figures, the GDP per person for the US is $36,200 and for Japan this is $24,900 (CIA, 2002). We can also
look at the make up f the current levels of the economy to gain an insight to any difference that exist. Here we see that both countries have only 2%
o f their GDP originating from agriculture, however, Japan has much higher government subsidies in this area o of the economy (CIA, 2002).
In the US and Japan we also have high levels of service industries, in Japan this is 63% and in the US this is 80%. The balance of each
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