The Future of Japan

Paper Summary:

Japan is a sound economic power with immense potential. This paper focuses on all potential aspects of Japan's growth over the next twenty years and explains its progress with respect to globalization and the role of China.

Outline
Summary
Introduction
Economic Forecasting
Methodologies of Economic Forecasting
Japan Economy in 20 Years
Demographic Factors
China as an Engine for Japan's Economy
Japan's Debt and Future Development
The Economic Forecast for Next 20 Years

From the Paper:

"The demographic dilemma is certainly a cause for concern for Japan's economy but it appears that Japan will be able to cope with the shortage during the next 20 years. Japan has not been very receptive to the 'guest workers' for meeting its manpower requirements but a future shortage may change that situation. Increased productivity, late retirement, more participant of women in work force and possibility of using foreign workers are some of the options that can be used to meet the manpower requirement of the economy. Japan has the highest number of robots in use in the world [CIA Report on Japan Economy, 2005, the automation is another solution to the manpower shortage. "

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