International Business Japan - Free Essay Example

Sample details Pages: 6 Words: 1722 Downloads: 2 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? International Business: Japan Introduction As Robert Fitzgerald (1994) says in the introduction of his collection of studies into East Asian studies, the GDP growth of nations within this region over the past half a century â€Å"has been seen as a phenomenon of unprecedented†¦ proportions.† In the early decades following World War ll, Japan was probably the most significant example of this phenomenon, although in the past quarter of a century it has lost ground to other Asian countries. Many blame the recent changes of Japanese fortunes on the effects of globalisation. The purpose of this paper is to assess the validity of this argument. Don’t waste time! Our writers will create an original "International Business: Japan" essay for you Create order To achieve this objective, we will first conduct a brief overview of the political, economic and cultural structure of the country, together the changing international business environment. Japanese Political and Economic structure As many observers have noted, the political and economic structure within Japan is markedly different from that of many other developed nations. Whereas in countries such as the US and UK there is a clear distinction between governments and commerce, Japan has developed on the basis of a high level of government involvement and cooperation between state and commerce, to the extent that it has lef to an institutionalized public-private cooperation in the process of economic policy formulation and implementation† (Nester 1992, p.119). In essence, the industrial development and economic growth that was witnessed in Japan during the beginning of the latter half of the last century was led by the political machine, which created powerful economic bureacuracies that, linked with private enterprise, heavilyinvolved themselves in market activities (Leftwich 1995, p.420). This close relationship was, and still is, based upon the fact that both groups peceived this approach as service their common interests and objectives. Therfore, joint ventures between the two have been seen as â€Å"both practival and necessary† (Fitzgerald 1994, p.13). As will be seen later, the resultant successes of Japanese Trade during that period reveal how beneficial this approach was at the time. One of the reason that this close political/commercial relationship worked so well in Japan,, in contrast to other developed countries where there is more of a gap betweeen the ethos of the two sides, is perhaps due to the cultural influences. Historically, the Japanese are a race welded together by three main cultural strands. The first of these is a belief in an identifiable â€Å"Japanese Spirit.† The second strand of thinking is that they are culturally unique , and these two are interralted within their thought processes (Fuller and Beck 2005, p.39). This leads to a group mentality in every aspect of their lives. For example, the reason that Japanese corporation’s have experienced much lower icidences of industiral unrest than their western counterparts is the group culture, which perceives that everyone will benefit if they work for the same common interest.This culture spilled over into International trade, where Japan in the past has seen it as a situaltion of them against the rest. As Fuller and Beck (2005, p.139) observe, many corporate leaders put the success of Japanese business down â€Å"to a robust culture, part of which is believing they are different (Fuller and Beck 2005, p.139). However in recent decades, the Japanese model has become more subservient to the influences of the international community. International Trade The structure and shape of Japanese International business ha s changed significantly, particularly since 1980. The country’s old alliances that were used to fuel its phenomenal economic growth between the 1950’s and 1980’s are now being reduced in favour of the more dynamic performing emerging economies. This is clearly evidence by its international trade statistics, both in terms of exports (see figure 1) and imports (see figure 2). Figure 1 Top ten export destinations 1980 -2006 Figure 2 Top ten importing nations 1980 2006 If one looks at exports firstly, as can be seen from the graph in figure 1, between 1980 and 2000 Japan relied heavily upon the western nation markets, particularly the US, for the sale of its goods and services. However, since the turn of the century this position has changed dramatically. Whilst Japan’s trade with the west has remained fairly static during the first six years of this decade, its reliance upon Asian markets, such as China, has risen significantly. For example, whilst trade with the US has little more than double during the 26 years, trade with China increased nearly tenfold over the same period, with the majority of this growth occurring since 2000, A similar result, although more pronounced, can be found in the case of imports. In this case China has displaced the US to become Japan’s highest country for imports (figure 3). Figure 3 Top ten importers 2006 Another interesting comparison to be drawn from these statistics is the change in the balance of trade (see figure 4). As can be seen from this table, Japan’s trade with the US and Germany has moved from one of interdependence to more of a supplier based relationship, whereas with the Asian countries of China is has moved in the opposite direction[1]. Figure 4 Balance of trade An analysis of the different between the types of products also reveals where Japan is globally dominant. As can be seen from the following analysis of Exports and Imports (figures 5 and 6), The Japanese expertise and dominant position globally still remains in the areas of manufactured goods, machinery and transport, including computers and automobiles (Porter 1998, p.2). However, equally apparent is fact that the Chinese and Asian markets beginning to take precedence over the US and other western nations in this respect. The only variation to this development is in the area of automobile exports, which can be explained by the poorer living standards of their citizens. Figure 5 Exports by type 2006 Figure 6 Imports by type 2006 Much of this change of direction in Japan’s international business structure can be put down to the political, economic and cultural influences explained earlier. For example, the Japanese government takes a protectionist stance in respect of its economic welfare (Nester 1990, p.167-170 and 1991, p.29) and, faced with the exceptional growth rates in China, it would be natural for Japan to move quickly to protect i ts main industrial expertise and the industries related to this area by seeking to seek to develop its relationship with it close neighbours, in this case being China. In these aspects and others the International ethos of Japan is very much aligned to the extended version of Porters diamond on national competitiveness (Johnson et al 2007, p.73-75 and Porter 1998, p.72). For example, the political and commercial strategy is very much focused on the need to react to rivalry and changes in demand. Similarly, Japan’s international business is quick to react to adverse conditions in any country that it trades with. To further cement its relationship with neighbouring Asian countries, Japan has sought to cement more formal economic relationships with other Asian nations through its membership of organisations such as ASEAN, which seeks to look after Asia’s global trading interests. This move is reminiscent of similar action taken by Japan in the past in an attempt to forge closer links with the US and Europe. The impact of Globalisation Another factor that has seriously affected Japan over the past quarter of a century is that of globalisation. During the period from 1980 to the mid 1990’s Japan was the dominant economic force in Asia and thus, to a major extent, was the sole beneficiary of the needs of the West to secure more economical and innovative products. However, as economic growth and living standards in Japan continued, so their international trade position became less competitive. At the same time, other emerging countries in the region, such as China and India, were becoming more aware of the benefits of globalisation and began to internationalise their financial and economic markets. This provided Japan’s former trading partners, predominately the US and Europe, with alternative locations and resources, at a more economical cost. Furthermore, it also opened up significant consumer markets, which these nations were quick to recognise and seek to take advantage of. For Japan, the result of this further globalisation of countries within the Asian region was to lead to a significant fall in the rate of Growth of their GDP. As can be seen from the graph in figure 7, in the past decade this rate has halved from the high of 2000 to below the rate being achieved in 1980. Figure 7 Japans GDP growth rate 1980 2005 This fall in Japan’s GDP provides another reason for their seeking improved trade with the rest of Asia. Furthermore, Japan’s International trade position over the next decade is also beset with difficulties. With China’s economy growing at of around 10% per annum, and it set to become the world’s most powerful economy within the next three decades, with India close behind, Japan is facing a duality of economic issues. The first it that it needs to find a way to remain competitive in the face of such significant competition and the second is the need to find a strategy upon which to take advantage of the Chinese market for its own purposes. Unlike the inroads that Japan made into the US and European markets, where the economies operate on the basis of a free market with little political interference, with China Japan is facing a competitor who has a similar political, economic and cultural structure to its own. Therefore, the approach used to penetrate the western markets is unlikely to work in this China. Reference Johnson, Gerry., Scholes, Kevan and Whittington, Richard (2007). Exploring Corporate Strategy. FT Prentice Hall. Harlow, UK. Fitzgerald, Robert (ed) (1994). The Competitive Advantage of Far Eastern Business. Frank Cass. Ilford, UK. Porter, Michael E (1998). Competitive Advantage of Nations. Free Press. New York. US. Fuller, Mark and Beck, John C (2005). Japan’s Business Renaissance: How the World’s Greatest Economy Revives, Renewed and Reinvented Itself. McGraw-Hill. New York. US. Japanese Statistical Yearbook (2006). Foreign Trade, Balance of Payments and International Cooperation. Available: https://www.stat.go.jp/english/data/nenkan/1431-15.htm Nester, W (1990). Japans Growing Power over East Asia and the World Economy. MacMillan London, UK. Nester, W (1991). Japanese Industrial Targeting. MacMillan. London, UK. Leftwich, A. (1995). Bringing Politics Back: Towards a Model of the Developmental State, Journal of Development Studies, 31: 3, pp. 400-27. 1 Footnotes [1] The anomaly in figure 4 is the position with Saudi Arabia, where the global energy crisis has forced up natural resource prices.

Marxs Critique of Capitalism - 3124 Words

by Tom Chance Throughout his work, Marxs primary concern was the intellectual destruction of capitalism. Despite his belief in a progressive history, and in the inevitable downfall of capitalism, Marx thought that in destroying capitalisms intellectual support he could hasten its real demise and usher in a socialist era. Many of his works can be seen as reactions to the growing status of the relatively new field of political economy, pioneered by figures like Adam Smith, David Ricardo and Thomas Malthus, whose increasingly laissez-faire theories promoted an extension of exactly the features of capitalism that Marx thought were most defective. Hence his critique ranges from attacks on the complacent liberal bases of capitalism to complex†¦show more content†¦But Marx went further, to claim that it is the mode of production [that] constitutes the economic structure of society and to which correspond definite forms of social consciousness (Marx, 2001b : 425). To illustrate, a society that is predominantly based around farming will have an economy based on the seasons, markets, and definite social relations between farm owners and farm workers. If, as Marx claimed, it is the social being [of men] that determines their consciousness, then it is the case that an individuals consciousness is determined by the forms of social consciousness, which are themselves determined by the modes of production in said society. In other words, Marx thought that it was in the economic superstructures that social and political strife have their origins, and so that political theory ought to concern itself with modes of production, rather than abstract ideas such as justice and liberty. And it was in the structures of capitalism that Marx found his major concern, and which he saw as both the source of all strife in the developed world, and as a necessary step in the development of society. 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Math quiz Free Essays

GIF Emma is creating gift baskets with scented soaps and bottles of bubble bath. She has 15 scented soaps and 6 bottles of bubble bath. If she wants all the gift baskets identical without any items left over, what is the greatest number of gift baskets Emma can make? In preparation for a party, Dante is putting desserts onto platters. We will write a custom essay sample on Math quiz or any similar topic only for you Order Now The chocolate cake is cut into 8 pieces and the cheesecake is cut into 16 pieces. If he wants to prepare identical platters without having any cake left over, what is the retreat number of platters he can prepare? LLC Alice and Christina are studying a set of new words for Spanish class. Alice decides to break the set into lists of 17 words. Meanwhile, Christina creates lists of 6 words. What is the smallest number of words there could be? Danny and Karakul are fishermen who, by coincidence, caught the same number of fish this week. Danny caught fish in nets that hold 12 fish, while Karakul caught fish in nets that hold 8 fish. What is the minimum number of fish each must have caught? Mug He’s Bath Shop sells bars of soap in boxes of 16 bars and bottles of soap in boxes of 19 bottles. An employee is surprised to discover that the shop sold the same number of bars and bottles last week. What is the smallest number of each type of soap that the shop could have sold? Race to simplify fractions in this fast-paced game! All you need to play is a deck of cards, paper and pencils. Shuffle the cards, and you’re ready to get started. Simplifying fractions is an essential skill for every math student in the fifth read or higher. Students need continued practice with simplification in order to successfully add, subtract, multiply and divide fractions. Play this game again and again and work towards mastering this important concept! What You Need: Deck of playing cards (with face cards removed) Even number of players Paper Pencils What You Do: 1. Create a fraction bar sheet by drawing a line across a piece of paper. 2. Set up the game so that the players face one another. For each pair of two players, you’ll need to rate a separate fraction game board. . Shuffle the deck of cards. 4. Distribute the deck evenly between two players. 5. Have the players place their decks face down in front of them. 6. To start playing the players should simultaneously turn over a card from their deck and place it on the fraction bar sheet. Each player should place one card above the fraction bar. The cards above the fraction bar represent the numerator. 7. Then the players should place one card below the fraction bar. The card below the bar represents the denominator. 8. There should be a card above the bar and a card below the bar, giving you four cards total. 9. The first player to correctly simplify the fraction shown by the cards wins all four cards. If a tie results, split the cards evenly. 10. If the fraction can’t be simplified, each player should collect the card that the other player put down and position it at the bottom of his deck. 11. Play continues until one player has accumulated all of the cards. 12. Alternatively, you could set a time limit on the game. When time is up, the player with the most cards wins! How to cite Math quiz, Papers