International Business Chapter 1-4

Japan is home to a lot of ancient cultural artifacts and yet serves as an example of the developed world samurais, high-speed trains, home to some of the world’s largest tech companies, and may evision Tokyo as a bustling fast paced city. Japan’s population is declining, this isn’t unusual in a time where developed countries are relying on less children.What is overlooked when describing the now 3rd largest economy on Earth is how it went from surrendering during WWII to becoming an industrial superpower. There have been many changes but one have remained constant, which is the collective drive to work and excel. It has heavily influenced the Japan we know today.

b) By what percentage did prices rise between 2010 and 2015? Please use GDP deflator measure to calculate this and explain your answer in plain words as well. Show your work.

The economic growth rate of China rate grew by 1.8 percent following the measure of economic growth which is the GDP growth rate. The GDP growth rate is one of the adequate economic growth measures. It indicates that the rate expanded 1.8 percent in the second quarter of 2016 increasing from the previous quarter of 1.2 percent growth. It also surpassed the market projections of 1.6 percent expansion (Levchenko & Zhang, 2016). It was the strongest economic growth

This clearly shows the fast paced growth of the China economy. Chart 2 (adapted from National Bureau of Statistics of China 2012) indicates the average GDP growth rate has shifted from 2.1% to 2.5% from 2011 to 2012.

a. Between 2010 and 2011 total revenue increased by a higher percentage than net income. *

* A GDP growth of 3 percent at the end of the last two quarters;

There may be the presence of other factors that contributed in shaping the modern day Japanese society, such as the changing demands of the international markets (Yoshikawa 2000, 38). Hence, while we concede that other factors may have come into place, we hope to be able to convince our readers that these policies had a crucial role in paving the way for the development of today’s

The Chinese economy is one of the biggest economies in the world. It is also the fastest growing economy in the world, with a current growth rate of 7.8%. The Chinese economy has multiple strategies to help promote the economic growth. One of which being, China investing heavily into education. Another strategy is attracting Foreign Direct Investors. Finally, one last strategy is China and their memberships in free trade agreements. Through these strategies China gained this high rate of growth and thrive to maintain it.

level (Zhu, 2012, N.p.). Yet since the change occurred, China’s real per capita GDP has

Japan was one of the first Asian countries to have a successful economy. Unlike other economies, Japan gew through high input and efficiency growth. It was clear back then that Japan was certain to catch up, or at least come close to the United State’s economy. Despite their past growth though, they have since slowed down and reach a plateau of growth. It was predicted that they would surpass the United States by 1998, but instead hit its limits. Japan was unique compared to its neighboring countries like its big brother

The real rate of growth in GDP from 2007 -2012 is = .8% compared to the 2.21% 10 year rate. This has remained typically strong for the U.S. thanks to a rising surplus in investment income and growth in the traditional surplus in services trade, such as royalties.

Japan's postwar economic success has been variously attributed to the Ministry of International Trade and Industry (MITI) and to the Liberal Democratic Party (LDP) of Japan. One line of thinking has it that the industrial policies outlined and supported by the Ministry of International Trade and Industry articulated the direction of industrial development and acted as a governor on the pace of that development. Against this background of MITI facilitation and regulation of pro-growth policies, other forces were enabled by multiples. Three primary forces acted as catalysts for these gains in industry and trade, and they are as follows: The Liberal Democratic Party of Japan (LDP), the labor and companies of the private sector, and the external circumstances and environment that were favorable to Japan. Regardless of how dynamic and influential these forces were, they may have taken a backseat to the stellar industry-specific interventions that were enacted and enabled by the state agency, the Ministry of International Trade and Industry (MITI). Specifically, for instance, the Ministry created within its own structure an import promotion office. Moreover, the Ministry of International Trade and Industry fostered the early development of most of the nations' major industries by implementing policies and conducting activities that served to reduce competition from importers. Those policies and activities covered a wide swath and included the provision of

Perhaps many economists will not be convinced by the data which provided above. What is more, some of them even predicted that China may have a hard landing in the near future, which means an economic growth slowdown or even a recession (Walker, 2015). However, comparing the U.S. economy

Q2: Describe the performance of key economic indicators in the Chinese macroeconomic environment over the last 3 years.

Globalisation refers to the integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity . China is the world’s second largest economy and is the fastest growing economy over the past decades, hence known as an emerging economy, by sustaining an average rate of growth of around 10% GDP p.a (2014). Hence, with the transition from a purely planned to a “market driven” or free-market economy has also facilitated progress in development, trade and increases in per capita income paving the way for poverty reduction. The impacts of globalisation have enabled the Chinese government to adopt various strategies in response, and consequently have had significant impacts on the Chinese economy to promote _______ and _______.