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 tax incentives to specific industries that the government wants to promote. The United States could adopt some of these industrial policies to help foster emerging high tech businesses and help existing U.S. business remain In Japan the government both during the Meiji period and the post World War II period followed a policy of active, sector selective
Japanese industries used this same strategic industrial policy to economic policies of Japan and the Four Little Tigers; instead of this economic policy of the U.S. is almost a complete reversal of the of an advance welfare state has emphasized rewarding powerful lobbying ial targeting. Japan used basically the same model during both producers, and other industries that have been hurt by foreign emulating western technology such as trains, steel production, and businesses develop a competitive advantage on the world market instead catch up to the U.S. in the area of high technology. In the coming technology. The U.S. instead of pouring its money into subsidies and should follow Japan's model of strategic targeting of emerging reliance on individual initiative and a lack of government support for new industries has allowed Japan and the Four Little
Some common words found in the essay are:
Little Tigers, Little Dragons, War II, Japan American, Little Dragon's, II Japanese, Asia Japan, industrial policy, Japan Little, sectors economy, japan little, subsidies tax, , World War, subsidies tax breaks, subsidies r&d, tech businesses, war ii, world war, existing business, meiji period, world war ii, japan little dragons, emerging sectors economy,
Approximate Word count = 597
Approximate Pages = 2 (250 words per page double spaced)
|
