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The Impact of Globalisation upon the Japanese Economy
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The Impact of Globalisation upon the Japanese Economy Globalisation has had a significant impact on Japan's economy. It has affected every part of the economy, even social life. These parts include the amount of international trade, the flow of international finance, the way businesses operate, consumers, government policy, labour market and also the environment. Globalisation has several main drivers that have specifically influenced the Japanese economy. These drivers include transnational corporations (TNC), the role of the government and government policies, trade liberalisation, technology and the deregulation of many financial markets around the world. These drivers have had a beneficial impact upon Japan, however it has also forced changes, which are arguably negative on the Japanese way of life and economy. Japan is an archipelago and is situated north east of China. Japan's economy is the second largest in the world, at US$4,190.7 billion gross domestic product (GDP) and have a high per...
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