Economic Comparison of South Korea and Japan

There are many cultural differences, however, in my opinion those that have the most importance attached while doing business, are the way they determine authority, the fact that negotiations are something they believe should be a hard fought battle, trust being something very important because reputation sells your products not how good a product you produce, and personal relationships are of major importance. When deciding who to put someone in charge you need to know

This would mean that the natural resources they still received from the USA and other countries would be used to help Germany and Italy in World War 2. Although the USA was neutral at that point of the war, according to source B they were some indications (supplying Britain with arms and money) that they supported Britain, which was on the opposing side of Italy, Japan and Germany. Further embargoes were made (Source B). The Japanese started to believe in a neo-colonial policy and would therefore have to take over countries (Source B). So Japan was involved in a tensile war with the Chinese and according to source C, this lead to the USA, Britain and Netherlands to impose a total embargo on Japan including the critical embargoing of

On the other hand, there were also positive impacts. If the Japanese did not take control over Korea, then the Korean economy would have bankrupted without such financial aid from Japan. In order for them to get out of their financial trouble the Japanese helped Korea progress in agriculture, energy, transportation, communications systems, and commercial distribution. The transformation process allowed Koreans to acquire more jobs and perform other jobs more efficiently. The country was modernized with new roads, railroads, cable lines and new schools.

World War Two was the big boost that the United State's economy had needed to finally end the Great Depression. When war was finally declared on Japan in December of 1941, the American government quickly appropriated billions of dollars to build up the nations military. Millions of men were conscripted, billions of bullets were made, .3 million aircraft built, tens of thousands of ships and tanks produced on the production lines. Anyone who had been looking for a job before the war now had an opportunity to work, and that was exactly what millions of Americans did. Even the agricultural industry flourished. Record breaking harvests were brought in during the war, food and supplies were shipped all over the world to American troops and allies.

We froze all of Japan's assets in the US, and we put embargoes on all oil and scrap metal. We also closed the Panama Canal to Japanese shipping. However, as I look back on the situation, I do see that it made it harder for Japan to progress in the war.

At the end of World War II, the United States took occupation of Japan in an under the pretext of leading the nation toward a path of democracy. However, it appears that the intent of the United States has changed over time. Instead of helping Japan in the years after WWII, the United States used Japan as a pawn to better its own interests.

Its actions have helped initiate new industries, cushion the effects of economic depression, create a sound economic infrastructure, and protect the living standards of the citizenry. Indeed, so pervasive has government influence in the economy seemed that many foreign observers have popularized the term "Japan Inc." to describe its alliance of business and government interests. Whether Japan in the mid-1990s fit this picture seems questionable, but there is little doubt that government agencies continue to influence the economy through a variety of policies. Not only did the American press use the same terms as the federal government, but in doing so it also helped lay the framework of the Japanese- American internment in a completely inaccurate way (Lau, 2014).

The aftermath of war with Russia led Japan into lacking essential raw materials, land, and a full supply of food. (Ben Pi et al. SS 20IB) “Japan was an emerging industrial power in the early 20th century, but lacked sufficient domestic supplies of iron and coal to sustain its desired development. Japan, a nation of islands, believed that it was approaching its maximum density and had continued to cast hungry glances at the Asian mainland as a potential target of expansion.” (United States American

As stated before, the American occupation of Japan from the end of World War II till late April of 1952 was a major factor behind Japan’s economic success from 1950 to 1990. Following the end of

In the years immediately following the second Great War, Japan was struck by what some would call an “economic miracle”. This miracle allowed for the industrialized nation of Japan to regain its foothold in the economic sectors of Southeast Asia. Essentially, after the war, the U.S. called for “unconditional surrender and for Japan to be stripped of most of its empire, occupied by allied troops, and demilitarized. Japan would then be integrated into the world economy, and its economic viability would be guaranteed through free trade”

Following World War II, Japan was occupied by the United States under Douglas MacArthur, and entered a period of rebuilding. The effects of the American occupation are still visible today, most notably in the thriving economy and massive technology sector. Unlike so many other failed investments in other countries, Japan remains America’s greatest success.

more advantage of this opportunity than Japan. Japan was a huge militaristic power in World War

From the time following World War II, Japan's government cooperation, work ethics, and highly defense technology have helped built up a strong advanced economy. Two

1) Raw Materials: Japan was a country that was formed by volcanic eruptions, which means that it has almost no metal, coal, petroleum, or other deposits that are requisite for industrialization. Korea, though, was abounding in raw materials. Japan saw control of Korea as something that would enhance its growth and development.

In 1945, Japan was devastated and lost a quarter of the national wealth after suffering a defect in the second world war. A majority of the commercial buildings and accommodation had been demolished, and massive machinery and equipment formerly used in production for the civil market were out of service to provide metal for military supplies (Miyazaki 1967). Despite the trash and ruins had left over in Japan, Japan was able to rebuilding its infrastructure and reconstruct their economy. It is revealed that the Japanese economy was on its way to recovery, which received a rapid development since the war, and the reconstruction of Japan had spent less than forty years to become the world’s second largest economy in the 1980s. This essay will explore the three factors account for the economic growth of post-war Japan: the financial assistance from the United States, the external environment, and the effective policy of Japanese government.