Environmental Factors vs. Economic Development

Paper Summary:

This paper delves into the close relationship between the U.S. and Japan, while discussing the mutual advantages of increased economic trade and strategic military alliances in response to a growing threat from North Korea. The writer of this paper analyzes how particular environmental factors, such as social background, political systems, regulatory requirements, educational levels and religions have influenced the economic development of both nations. This paper compares the differences and similarities between the U.S. and Japan on a variety of topics, including religion and literacy. The U.S. is at a slight disadvantage compared to Japan in terms of literacy rates, 97% of the population over the age of 15 years is literate, compared to 99% in Japan. According to the World Bank, however, the U.S. scored slightly ahead of Japan in terms of overall educational opportunities. This paper also presents various graphs and tables, illustrating the scores and economic placements of both the U.S. and Japan, as cited in the World Bank's Knowledge Economy Index.

Table of Contents:
Introduction
Review and Analysis
Comparison and Analysis of Key Metrics
Conclusion
References

From the Paper:

"Companies that compete within a regulated environment are subject to legal and economic constraints that are not faced by firms in unregulated environments; consequently, such companies are exposed to high levels of determinism which can severely limit the strategic choices available. According to Carlile and Tilton, there is a significant challenge involved in understanding the Japanese regulatory environment for those whose primary frame of reference is the regulatory environment found in Western countries. The fiscal situation that emerged was even worse than that which had induced the 1980s administrative reform movement, and Japan's debt level quickly soared to the highest level among the leading advanced industrialized countries. With the official discount rate eventually dropping to 0.5 percent, further lowering of interest rates was not an option."

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