JAPAN'S ECONOMIC SYSTEM
By RON TATUM
General Characteristics of Agricultural, Industrial, and Information Age Economic Systems
Agricultural Age Economic Systems:
During this age Japan's economics were limited to trading with foriegners who were deemed a non threat. There economic system was nowhere near what it is today because they were a isolated island nation who didn't trust anyone. However their farmers and fishermen were some of the world's best at their speciality, at this time they didn't recognize that there was large profits to be made from trading goods.
Industrial Age Economic Systems:
This age saw Japan capitalize on the trading system. They became a textile manufacturering nation. The Japanese then began developing heavy industries such as steel and shipbuilding. After they started to be a finacially rich country from the goods they were creating, their was no stopping them from creating new industries to exploit and reap a economic gain from during this age.
Information Age Economic Systems:
In this age Japan is still striving to create new industries for additional revenue. This is the age where Japan really exploded on the economic scene with it's new inventions and it's improving of other nations existing inventions. For example during this era Japan improved on or created color television, VCR, walkmen, fax machines, compact discs, etc....
Information/Data on Japan's Economic System
Japan's technological accomplishments extended into space and to the ocean depths. Japan has also launched 14 communication and broadcasting satellites and they are developing their own rocket technology. This was done to search for new industries before there time so they can stay economic frontrunners
Conclusions on Japan (Whether Primarily Agricultural, Industrial, or Information Age Re: Its Economic System)
In conclusion Japan is primarily a information age nation, because they have made their largest gains in technology, and science during this age which inturn has created economic growth. I see Japan continuing on this path of productivity because the Japanese people have a great work ethic, and they never have stop to look at themselves in the mirror and said wow, we came from way down there and we are now on the top of the economic hill. (Type of Economic System)
Additional Online Sources on Japan's Economic System
Traditional Bibliographic Sources on Japan's Economic System
- Baker, Donald (1993), Japan's Economic Power: Routledger & Kegan
- Van Dyke, Vernon (1994), Japanese Human Rights and Ethnicity: McGraw Hill Publishing
- Barclay, William (1990), Japan The Land Of The Rising Sun: Penguin Group Publishing
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