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What the U.S. can learn from Japan-
Title: What the U.S. can learn from Japan-
Category: History
Details: Words: 599 | Pages: 2.5 (approximately 235 words/page)
What the U.S. can learn from Japan-
What the U.S. can learn from Japan-
Japan and the Four Little Dragons in order to achieve their
industrialization goals have a diverse set of policies ranging from
limited entitlement programs to a education and government bureaucracy
that stresses achievement and meritocracy. But one of the most
significant innovations of Japan and the Four Little Dragons is there
industrial policy which targets improving specific sectors of the
economy by focusing R&D, subsidies, and …showed first 75 words of 599 total…
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…showed last 75 words of 599 total…the U.S. governments
reliance on individual initiative and a lack of government support for
new industries has allowed Japan and the Four Little Dragon's to
catch up to the U.S. in the area of high technology. In the coming
years the U.S. could not just lose its advantage but fall behind if it
fails to redirect government subsidies from failing firms to emerging
sectors of the economy copying Japan's industrial development model.
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