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Japan's prolonged economic slump
Member rating: No Rating | Words: | Submitted: Thu Nov 04 2004
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JAPAN'S PROLONGED ECONOMIC SLUMP 1. Introduction In only fifty years, Japan has moved from poverty to the highest levels of income, from economic insignificance to leadership from the import of technology and capital to being a major source of their export, from less developed status to the lead of economic position after the United States. After being the best performer in the Organisation for Economic Cooperation and Development (OECD) during the forty years, Japan has experienced economic stagnation since the beginning of the 1990s. The revival of the Japanese economy is of great importance not only to Japan but also to the well being of global economy. Therefore, the question now is "What has happened to the Japanese economy supremacy"? In order to answer the question, my task is to identify the factors and causes that contributed to Japan's economic supremacy and the subsequent downturn. Also in the process, I...
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