What the U.S. can learn from Japan-

A detailed Summary of 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

Approximate Word count = 597
Approximate Pages = 2 (250 words per page double spaced)

Category: History

join now Save Paper

Saved Paper

Save your papers so you can locate them quickly!

"Thank You So Much!!! You have saved me once again!!!"
Jack M.
"With so many papers to chose from, I was able to get ideas to help me with all of my classes. Thank You!"
Brian P.
"I've used this site for the last 3 years to help me come up with ideas for my papers."
Sara J.
"I use this site every week to help me write my own papers!"
Rachel W.
"I love this site!!!"
Marie N.