The Psyche of "Japan Incorporated"

Paper Summary:

This paper examines how the psyche of "Japan Inc." is its strength and its weakness too. This psyche had initially served Japan well, but it has now outlived its utility and hence must changed. To change this psyche, the paper proposes two policy recommendations. One deals with the social roots of the psyche and the other deals with the economic roots. For the social aspect of the psyche, the paper proposes that the Japanese relook and rewrite their history. For the economic aspect, the paper proposes that the Japanese instate a viable pension system. (The paper recommends the Chilean Pension system along with the reasons). The paper shows that by restudying their history, the Japanese may come out of their myth of being a homogeneous race and thus move forward to assimilate foreigners. The paper explains how this assimilation will be in the interest of "Japan Inc". By adopting a sound pension system, the economic future of Japan will be more optimistic and rid the country of its burden of the 'lifetime employment? system The paper argues that both these measures will help change the adverse demographic pattern of the society to the long-term advantage of "Japan Inc". The paper includes graphs.

From the Paper:

"It may be argued that the Japanese growth was nothing but a happy accident of history, but whatever it was, it was indeed awesome and left Economists gasping for explanations. However as Japanese are now realizing, in its bid to catch up with the West, Japan has caught its own tail. Side by side of following the West, Japan "forgot" to learn English and could not become a favorite destination for foreigners in search for opportunities. Its empty immigration offices should worry Japan and the Government should swiftly move to attract foreign labor as they will not only bring youthful energy and ideas with them but will also be a source of huge demand for Japanese economy. The Japanese can learn from the US experience where the US economy is benefited by the demand generated by the foreigners apart from the Americans themselves- something which was consciously promoted by the US government in the past, of having a multi colored heterogeneous society which today is America's biggest strength."

More papers on The Psyche of "Japan Incorporated":

• Analytical Essay # 130181 : "The Rise of Japan as a Major Industrial Power"
• Research Paper # 67845 : "The Future of Japan"
• Essay # 26475 : "The Economy of Japan"

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