ipl-logo

Explain The Key Players In The Globalization Of Japan

702 Words3 Pages

Japan and its Globalization

For the recent years, globalization and Japan appear as two binary terms. While several nations take advantage of the benefits resulting from globalization, take for example China and its foreign direct investment (Yu, 2002), Japan views globalization more of a problem due to the compromising effects it caused to its national identity. The country formulated seemingly practical solutions to mitigate this pseudo-problem while continuing to beat foreign competitors in the world’s labor market. Japan made this possible through the aid of its highly-recognized key industries such as automobiles, consumer electronics, and computers. For the purpose of this paper, the key players in the globalization of Japan and the …show more content…

Apparently, it involves the cooperation of nations in social, cultural, political, economic, industrial, technological and other institutional exchange. Japan’s automotive industry can be the best example of this phenomenon. One cannot deny the fact that Japan’s automobiles are the answers to the German’s expensive and efficient cars. Japanese automobile’s cost-effective and powerful engines are its best characteristics that lure the attention of most car consumers, whether local or overseas (Yeo, n.d.). One best example is the automobile company Toyota. As of the end of December 2015, Toyota conducts its business worldwide with 53 overseas manufacturing companies in 28 countries and regions. Toyota 's vehicles are sold in more than 170 countries and regions (Toyota, 2016). As such, Japan has been taking advantage of globalization through market expansion due to its cost-efficient strategy while staying …show more content…

Globalization is inevitably invading the intrinsic identity of nations due to transnational exchange. For Japan, being a homogenous nation (as cited in Dong et al, 2008), there is a struggle of globalization, especially in its labor industry. Japanese industries have identified market expansion overseas as a solution to such. It is also to cope up and compete with its foreign counterparts without heavily relying on costly importation and exportation trade (Gudjonsson, 2009). However, it appears that the country is struggling to avoid from majorly importing products. Importation may result in huge competition with Japan’s local products and would likely result in a foreign direct investment. With that, it would seem that the concept of market expansion is an underlying solution of Japan to remain its national identity be intact through avoiding the dominance of international products and foreign direct investment within its national

Show More
Related
220 Words | 1 Pages

In the 19th century china and japan were under pressure when the west opened up foreign trade and relations. The industrial revolution created a wide gap between them and the west and left them behind in technology and the military. They both signed unequal treaties that forced them to open their ports and cities to foreign merchants. Both country's reacted very differently and this will be the topic of this essay.

Read More
1726 Words | 7 Pages

In particular, “Japan now has the second largest economy.. [and] Taiwan has the largest per capita foreign reserves in the world”. (Biggart 199) The advancement of these countries has long been noted and studied by Hamilton, Biggart and Saxenian. Their research has led to differing approaches in understanding these countries but the ideas they used to understand the development of these countries have fundamental similarities.

Read More
947 Words | 4 Pages

Japan’s economic development had been shaped in various ways, including Japanese internal forces, and external forces from other countries. Although during the Tokugawa era, the Japanese were very closed off from the world for 250 years, once Commodore Perry and the rest of America threatened Japan with war Japan was forced to open ports for trade. Due to the Japanese lack of weapons the trading environment was very biased on the side of America with unequal trade. The shogun was once a Samurai and is now almost in control of Japan.

Read More
327 Words | 2 Pages

There are many nations that are continuously changing. Japan is one of the nation that is continually changing not only economy, but also the culture. According to the book, “the Western world was increasingly impinging upon Japan..” which result isolation from Europe and American. In the document 19.1 it stated, “We have issued instructions on how to deal with foreign ships on numerous occasions up to the present”. This have shown that the Japanese have isolated from foreign.

Read More
796 Words | 4 Pages

Before this industrialization in 1968, was the Boshin war, which was directly responsible for the Meiji Restoration, due to the fact that after the war, Japan wanted to have one central power, which resulted in Japan’s government wanting to become like an already successful government with one central power, America, however they did not want America’s culture, but merely the style of government, which resulted in Japan becoming much more western. Then after the war, the Meiji Restoration started, which was the new government taking over Japan, this started a westernization movement in Japan, and during this westernization, industrialization started, and then it settled all throughout Japan, building factories, and machines. Similar to this, Russia experienced the Crimean war, which was essentially a wake-up call for Russia to industrialize after it’s terrible loss to both Britain and France, to add to the losses, after that, Japan and Russia fought, and Russia lost horribly, which shocked the entire

Read More
1346 Words | 6 Pages

Former Australian politician and Prime Minister Kevin Rudd said it best when he stated the dependency on each other: “What we have seen in financial markets should bring home to us all that the central organizing principle of this 21st century is interdependence. For the century just past, interdependence may have been one option among many. For the century that is to come, there is no longer an alternative.” Interdependence refers to the fact that countries need to work with each other for trade, production, and consumption of goods to keep the global economy going. The movie A Killer Bargain demonstrates how the tactic of interdependence among countries has caused come countries wealth to flourish while others sink deeper and deeper into

Read More
672 Words | 3 Pages

When related to Immanuel Wallerstein’s “World Systems Analysis”, the Meji Restoration developed Japan into a core country. As a dominant power, they took advantage of periphery countries for labor and every opportunity to become a world

Read More
2198 Words | 9 Pages

Introduction In the past 20-30 years and even nowadays, the term “globalization” keeps lingering around our ears. Definitions of “globalization” have long been diversified but it is mainly related to economics, so most people treat it as the development on or the changes of human welfare in different countries due to the economic integration of the world, under which goods, services and capital are more mobile. Economic globalization, as a result, has benefited a wide range of international issues, including trade of goods and services, labor transference, development of multinational firms, education (as mental capital investment), poverty reduction, to name but a few. Although economic globalization benefits the world in many sides, some poor countries claim that such benefits are enjoyed by the rich countries

Read More
102 Words | 1 Pages

Steinbeck probably wanted to name the story Something That Happened for many reasons. However I think he wanted to name it that because the title Something That Happens makes the story more mysterious and interesting to the readers. I think this because the title gives reader a vague explanation about the book. Another reason could be that he wanted people to know this could happen in real life. I think this could be a reason seeing as people in the past may have not understanded what was going on and he wanted to at least try to understand things that could

Read More
766 Words | 4 Pages

Baron Kentaro Kaneko, the Japanese minister of commerce and agriculture, stated, “Japan . . . occupies a small amount of land and has a large population, with little material out of which to manufacture, hence has to rely upon the material imported from other countries” (Document 37- DBQ 14). By industrializing, Japan was able to dominate in the sale of manufactured goods like textiles, to those areas abroad that it was closer to than the more powerful Western countries. The success in economics greatly advanced imperialism in nations with more money, trade, and raw

Read More
756 Words | 4 Pages

Criticism: Lazonick (1993) took up the challenge with porter regarding the issues of rivalry, issues regarding rivalry alone cannot pressure firm to produce more innovative products. When a firms faces too many issues from their competitors, they may rather choose to imitate their competitors’ products than innovate products at their own risk. When foreign competitors come up to take challenges with firms, firms would rather choose to be cooperative the business with their current competitors to prevent decline of products. Porter’s diamond framework concept most of the time focuses on the home based market due to competitiveness of a national business system is usually derive from their home based market (Porter, 1990). Single diamond framework

Read More
836 Words | 4 Pages

The Business Level of Toyota Toyota Motor Corporation is a Japanese company that is involved in the design, assembly, manufacture and sale of a wide range of motor vehicles such as minivans, passenger cars, commercial vehicles, and assorted accessories and parts (Nkomo, 3). Examples of brands under the Toyota portfolio include, but are not limited to; Lexus, Toyota, Hino and Daihatsu. Toyota was founded in 1937 by Kiichiro Toyoda and has grown to not only be the world’s leading auto manufacturer in the automotive industry, but also the world’s eighth largest company with operations in virtually every corner of the world (Nkomo, 3). This growth has been fueled by two key aspects of Toyota’s business; its ability to lower costs and concise

Read More
874 Words | 4 Pages

Based on the reflections above, this chapter is going to examine sub question number 2: How has the Japanese working culture changed? Therefore this chapter will focus on the history of the working culture in Japan, starting from the 1950s, where America had established military facilities in Japan and began to influence the society, and Japan began to evolve from a feudal community to a capitalistic state (Hidaka, 2014). 5.1

Read More
1105 Words | 5 Pages

I. INTRODUCTION a. BACKGROUND: Globalization is a process of interaction and integration among the people, companies, and governments of different countries, a procedure compelled by international trade and investment, and supported by information technology. Furthermore, this process has an effect on various other systems such as on the environment, culture, political systems, economic development and prosperity and lastly, on human physical well-being in societies around the world. “Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,

Read More
731 Words | 3 Pages

The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

Read More

More about Explain The Key Players In The Globalization Of Japan

Related Topics

Open Document