1. International Trade
Today the United States has a trade deficit with Japan because we receive more goods from them than we send to them. ... Sovereign nations can gain by specializing in the products they can produce with greatest relative efficiency and by trading for the goods they cannot produce it's efficiently. ... Post WWII International trade and industry was a very powerful influence in Japanese government 1950-1970. ... One factor that contributed to Japan's dramatic rise was a particular set of close state-market relationships that is sometimes called "Japan, Inc." but may be more appropri...
- Word Count: 1210
- Approx Pages: 5
- Grade Level: High School