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  • The Economic Miracles Between the Biggest Big Country and the Biggest Small Country

     

    Essays4 Economics

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ID number:329142
 
Evaluation:
Published: 15.05.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

In 1990s, Japan has become the third biggest trade center which just follow the USA and European Union. The total amount of import and export exceed 30 billion US dollar in 1991 ( Isamu, p69 ), and many of them are relate the USA. Because Japan is a scared resource country, it has to export high technique and low cost products in order to exchange necessities , such as food and oil. Statistic of 1990s showed that seven of eight Japanese main products were exported to the USA. Simultaneously, seven of twelve Japanese main materials and goods were imported from the USA ( Isamu, p70 ). From that time, the USA was becoming the most important cooperator and competitor of Japan.
Therefore, by comparing the economic growth between China and Japan from 1950 to 2000, it is easy to see that: the overall consequences of the two countries' improvement are significant. As both of the countries lying on ruins, Japan get rid of the war's negative effects quickly, and become the second advanced developed country in the world. Although it still has few recession, it is only a short term economic wave. …

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