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Japan's economy

 

Wartime technology was reborn during the postwar as Japan became one of the world's leading countries in the technology industry. Japan's technology advances made it more competitive. These technological developments included advancements in the production of steel by utilizing new technologies. The increase in electrical power produced by the Sakuma dam, as well as increased technologies in the area of shipbuilding; automobiles, electrical machinery, sewing machines and cameras helped put Japan on a path to being more competitive. Through massive restructuring and the creation of niche markets such as Mitsui mining being split up into Mitsui coal mining and Mitsui metal mining, Japan was able to establish a base for its future economy. The Japanese have a very different method of thought from everyone else in the world. .
             In the beginning of this century, Japan lost its ability to feed it citizens and began to panic. They had money to import food however, due to their morals they would rather conquer than pay money and give in. The country comes together as one to try to gain control as a nation. There is very little if any competition among Japanese companies when it comes to the foreign market. Japanese corporations do practice a form of conventional economic competition, but all within their own borders. This is what is known as the "one set" philosophy. Each company produces a set of various products. For example, all beer companies produce a lager, and draft and a dry beer. This is only inside Japanese borders. Economists state that it is impossible to specialize in everything, but the Japanese have an urge to be on the top in every field. Even in the schools children are pressured to be the best. It is a very competitive environment and if they cannot cut it their career goals will not be anything but an ever-lasting dream. .
             The whole society is based on being the best at what ever it may be.


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