Japan And The United Kingdom - 1771 Words

Japan and the United Kingdom have long been world powers and are now in the top 10 biggest economies of the world; being third and fifth in the 2014 rankings. (Centre for Economics and Business Research. 2015) However, both countries have been hit by a great economic crisis that changed their economies deeply. Though it occurred on different time frames; 1991 to 2000 for Japan and 2007 to 2012 for the United Kingdom, a lot of similarities can be found between the causes that started both crises as well as between the development of these crises. However, not everything is comparable so we can wonder, to what extent are the Japanese recession of the 1990s and the Great Recession of 2007-2012 similar? In order to answer this question and get a full understanding of both periods, we will first look at the causes of the Great Recession, then have a look at the causes of the Japanese lost decade and finally, analyse the similarities and differences between the two crises. Japan saw its nation change in 1990 when the Japanese economy stagnated. Indeed, between 1991 and 2003 the Japanese economy only grew 1.14% (of GDP) every year. This is not enough when compared to other developed countries. (Yuji Horioka, 2006). Alexander, A. J. (2000) states the facts that from the first quarter of 1990 to the first quarter of 2000 the annual increase in real gross domestic product per capita barely exceeded 1 percent, making it very clear that Japan was in a recession. This is all theShow MoreRelatedUnited Kingdom, Sweden And Japan1007 Words   |  5 Pagesstate, with the head of government being the prime minister or premier, and the head of state often being a figurehead, often a hereditary monarch (often in a constitutional monarchy). Countries that have this type of government are the United Kingdom, Sweden and Japan. These countries have a administrations that are virtually always the outcome of parties’ coalitions, they inclined to be varied and repr esent an extensive swath of common opinion. In a parliamentary system, the chief executive (theRead MoreEconomic Development : The United Kingdom And Japan1299 Words   |  6 Pagesthe United Kingdom and in Japan were and how both theories compare and contrast. Economic development is defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting our growing income and the tax base. This comparative analysis for my research comes from chapter four in the textbook which deals with the subject of political economies. The first country that I wanted to discuss was the United Kingdom. FromRead MoreThe Cultural Differences Between Japan and the United Kingdom1084 Words   |  4 PagesThere are significant cultural differences between Japan and the United Kingdom that need to be taken into account when doing international business. There are also a number of methods and systems by which these differences have been described. These include the Geert Hofstede cultural dimensions, Trompenaars seven dimensions of culture and the Globe Projects cultural dimensions. This paper will discuss these differences and similarities, and shed light as to the best approach to international businessRead MoreWorld Superpower Rankings : The United Kingdom And Japan Essay1455 Words   |  6 PagesSuperpower Rankings A notable privilege that the world’s superpowers enjoy lies in their power of influence particularly with regards to political decisions and the global economy. Renowned superpower such as the Unite States of America, Japan, China and the United Kingdom can actively affect the course of history with only a single decision based on the magnitude influence that stretches beyond their terrains. However, what sort of considerations, measures, weightings and criteria is used in these rankingsRead MoreThe Economic Trends of Canada, Japan, United Kingdom and the United States: A Comparative Analysis771 Words   |  3 Pagescomparison: Canada (black) Japan (red) United Kingdom (blue) United United States (green) Part 1 - Compare  the four countries in terms of Output and Growth  (Real GDP). The analysis should only cover the period from the beginning of 2008 to the present, and make sure the most recent 2011 changes are addressed. Clearly, all countries compared had a dip between 2008 and the end of 2009 beginning of 2010. Canadas was the least serious of all, Japans the most serious. Japan spiked back but fell farRead MoreUS, Canada, Japan and the United Kingdom: A Comparative Analysis of Economic Measures780 Words   |  3 PagesThe four countries (US, Canada, Japan and the United Kingdom) can be compared on a number of economic measures in order to assess which of these countries can be said to be performing better. The measures are real GDP growth rate, productivity, CPI and unemployment. These are collected in the following table, drawn from the information contained in the February 2012 International Economic Trends by the St. Louis Fed. Note that this publication does not provide a precise number for output/worker.Read MoreA Study of the Macroeconomic Indicators1438 Words   |  6 Pagesunemployment rate and the interest rate, and the countries are the United States of America, the United Kingdom, Can ada and Japan. 1. Output and growth For all of the four countries, the evolution of the gross domestic product throughout the past recent period is similar. Having followed a relatively stable growth trend, all states were dramatically impacted by the economic crisis in 2008. In the case of all United States, United Kingdom, Japan and Canada, the effects of the internationalized economicRead MoreThe Second Amendment Of United States Constitution1350 Words   |  6 PagesIntroduction The second amendment of United States constitution said â€Å"A well-regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed†. This amendment was embraced on December 15, 1791, taking in consideration that American citizens have a natural right to self-defense and they can help to accomplish the following purposes: Permitting the people to organize a militia system Contributing in law enforcement DeterringRead MoreCase Report1405 Words   |  6 PagesFinal Exam Results of a fact-finding mission about the state of the war concerning the British Empire, the German Empire, the Soviet Socialist Republics, the Kingdom of Italy, and the Empire of Japan. The fact-finding mission was conducted at the request of President Franklin Delano Roosevelt for the planning of future American diplomatic and military policies. The objective of the mission was to evaluate each of the major parties currently engaged in armed conflict and create an action plan basedRead MoreThe Roles Played by Different Countries during World War II1483 Words   |  6 Pages The World War II was fought between two major military alliances namely the axis powers and the allies. The Axis power was a group of countries led by Nazi Germany, kingdom of Italy and empire of Japan. The allies led by united kingdom were joined later on Soviet Union and United states of America. The allies were represented by republic of China in pacific. Let us have a closer look at these two millitary alliances. The Axis Power: Axis nations or axis countries were