Introduction
This segment is regarding the economic aspects such as education, trade balance and health care of Australia and Japan. Both counties are well developed, but Japan has a bigger economy, ranked 2nd in the world, 4 times more than Australia and the overall analysis of three aspects are discussed bellow:
Education
The Australian and Japanese governments are both seeking to achieve a high quality education system that gives all children the educational opportunities they need to reach their full potential and helps the nation to prosper. Australia and Japan have a good educational system; the Australian education system provides primary, secondary and tertiary education. And Japanese school system consists of: 6 years of elementary
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The Australian Government provides funding for all schools, both public and private. About three-quarters of funding for Australian schools comes from the state and governments, most of the money goes to public schools, but the proportion going to private schools has climbed in recent years. Talking about Japan, According to OECD, Japan ranks highly among its peers, in providing its nation both with low and high income students equal educational opportunities. So in Japan, children are more likely to get free education rather than Australia.
As a result of providing the nation equal education system Japan investing 3.3 percent of its GDP in education, compared to the 5.22% that Australia spends. So, Japan spends less on education than Australia, and this leads to a financial pressure on households in Australia more than Japan.
Trade balance of Japan and Australia
A-Australia trade balance
• Australia is the 23rd largest export economy in the world. Australia exports the products like Iron Ore, gold, wheat and Crude Petroleum. The top export destinations of Australia are China and Japan. Australia top imports are Refined Petroleum, Computers, Cars, and Packaged Medicaments. The top import partners of Australia are China and the Unites state. The total value of all exports of Australia is about $245.9 billion. Total imports value of Australia is $254.7
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Based on statistical database, hospitals in Japan have around 277M doctors and numbers of doctors are increasing despite to bad working conditions they are facing, and the pressure on doctors due to the fact that Japan has the highest average life expectancy at birth in the world, with 83.7 years, according to the World Health Statistics and population of 126,197,728
The healthcare system in Austalia
The Australian health care system is one of the best systems in the world; the Australian government has been spending more than 9% of GDP towards the health care system. And they are experience surplus with health expenditure per capita with a growing at an average annual rate of 7.81 %. There are 701 public hospitals in Australia managed by state and territory governments. And Australia's total recurrent expenditure on public hospital services was about $64B. Plus 630 private hospitals owned by private profit and nonprofit