How has Japan become a developed country?
With its phenomenal economic revival from the ashes of World War II, Japan was one of the first Asian countries to climb the value chain from cheap textiles to advanced manufacturing and services – which now account for the majority of Japan's GDP and employment.
here is your answer. Japan a small nation has become rich and developed because Japan government spends money for the welfare of the children's. it provides sufficient education for the students. it is also developing by discovering various technology.
For centuries Japan has been an economic power, based on trade and fishing (a natural resource, by the way). After defeat in WWII, gradually Japan began rebuilding and focused on education and dedication to making better quality products.
The reasons are: (i)Japan have invested in human capital especially in the field of education and health. (ii)The skilled and trained people have made efficient use of other resources like land and capital. (iii)Efficiency and technology evolved by people have made there countries developed.
High increasing stage (1954–1972) After gaining support from the United States and achieving domestic economic reform, Japan's economy was able to soar from the 1950s to the 1970s. Furthermore, Japan also completed its process toward industrialization and became one of the first developed countries in East Asia.
They invested in people's education and health mainly. Human resource acquired skills and knowledge and made efficient use of other resources like land and physical capital. Increased efficiency of educated and healthy people made Japan developed.
The Economic Strategy Council judges that the economic revival of Japan would be impossible without reforming the current employment system of government employees, strongly implementing various institutional reforms including deregulation, improving the accounting methods in the public sector, fundamentally ...
Despite its lack of natural resources, Japan has developed: Human resources have been invested in. They import the raw materials needed to run their businesses. The country's wealth is due to people's efficiency.
The economy of Japan is a highly developed free-market economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). It is the world's second-largest developed economy.
The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Japan's great strength is its highly developed technology sector, which helps the "Land of the Rising Sun" rank as one of the most innovative countries in the entire world.
Is Japan the only developed country in Asia?
As of 2019, Japan, South Korea, Taiwan, and Hong Kong are the four East Asian countries and regions that are considered developed markets by most economic indexes, and Singapore is the sole developed market by all economic indexes in Southeast Asia.
Japan is scarce in critical natural resources and has been heavily dependent on imported energy and raw materials. There are major deep sea mineral resources in the seabed of Japan. This is not mined yet due to technological obstacles for deep sea mining.
The amount of land in Japan suitable for agriculture is insufficient to produce enough food for Japan's large population. As a result, Japan imports most of its food from other countries. Japan lacks many raw materials needed for industry and energy, such as oil, coal, iron ore, copper, aluminum and wood.
Japan emerged as a developed country inspite of its poor natural resource because : As they did not have any other resource they invested in the development of human resource. They import the natural resource needed in their country. They have invested on people, especially in the field of education and health.
Self-restraint and discipline are hallmarks of Japanese society. These values translate themselves into tangible qualities in Japanese citizens – punctuality, reliability, and calmness. Japanese people are generally law-abiding citizens who strive to behave in a way that brings honor and success to their communities.
In the Meiji Restoration period, military and economic power was emphasized. Military strength became the means for national development and stability. Imperial Japan became the only non-Western world power and a major force in East Asia in about 25 years as a result of industrialization and economic development.
According to the UN, a developing country is a country with a relatively low standard of living, undeveloped industrial base, and moderate to low Human Development Index (HDI). This index is a comparative measure of poverty, literacy, education, life expectancy, and other factors for countries worldwide.
Reason: Norway has highest Human Development Index. It also is considered the most developed country.
For Japan to be able to sustain economic growth, the key task it faces is to improve its rate of workforce participation. To do that, I think three things are necessary: 1) Measures to stem the decline in the number of children being born; 2) Activation of women in the workforce; and 3) Immigration.
Having built its current prosperity and developed into the second-largest economy in the Free World through trade, Japan has to contribute to maintaining and strengthening the free trade system and world economic growth through balanced growth in trade.
How did Japan plan to solve its economic problems?
Japan planned to solve its economic problems prior to World War II by expanding its control over areas of East Asia and acquiring resources not found...
Answer: Singapore is the Asian country which has invested highly in human resources. Explanation: Singapore was ranked top in Asia in terms of human resource growth in the latest World Economic Forum (WEF) survey.
Japan was considered rich because of the following: Japan imported luxury goods like silk from China and textiles from India. Imports of gold and silver strained the economy. It led Tokugawa to impose restrictions on the export of precious metals.
The economy of Japan is a highly developed free-market economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). It is the world's second-largest developed economy.
1. Norway: Norway unbelievably is the most developed country in the world according to this data with a Human development index of 0.944. The economy of this country is however mixed since the commencement of the industrial era and they have however, not deviated from it.
After the defeat of Japan in World War II, the United States led the Allies in the occupation and rehabilitation of the Japanese state. Between 1945 and 1952, the U.S. occupying forces, led by General Douglas A. MacArthur, enacted widespread military, political, economic, and social reforms.
Japan's architecture, art, traditions, crafts. Also, its worldwide known pop culture (including manga, anime, and video games). It's something that definitely only Japan can offer. No other country contains the same characteristics.
A developed country—also called an industrialized country—has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident. Developed countries have advanced technological infrastructure and have diverse industrial and service sectors.
In IT, Japan's advantage is in its network infrastructure, one of the most advanced in the world. Having this environment in place provides a huge tailwind propelling innovation in the Internet of Things [IoT], which combines physical objects and IT.”
Examples of first-world countries include the United States, Canada, Australia, New Zealand, and Japan. Several Western European nations qualify as well, especially Great Britain, France, Germany, Switzerland, and the Scandanavian countries.
What are the top 5 developed countries in the world?
- Canada. ...
- France. ...
- Germany. ...
- Italy. ...
- Japan. ...
- Switzerland. ...
- United Kingdom. ...
- United States of America. In terms of GDP, the United States of America stands at number one position.
Thanks to its highly educated and abundant labor force and to the concentration of capital and resources in certain key industries, such as electric power and steel, Japan succeeded in recovering from the ruins of war and achieving industrialization during the 1950s and 1960s.
The Economic Strategy Council judges that the economic revival of Japan would be impossible without reforming the current employment system of government employees, strongly implementing various institutional reforms including deregulation, improving the accounting methods in the public sector, fundamentally ...
Japan is ranked 6th among 39 countries in the Asia–Pacific region, and its overall score is above the regional and world averages. Economic growth in Japan slowed to zero in 2019, turned negative in 2020, and rebounded in 2021.
