the various faces of capitalism
Japan, like the United States, has a capitalist economy based on markets, prices, and the private ownership of capital. Unlike the United States, however, Japan's government is very involved in the day-to-day activities of the private sector.
Japan's success- The reasons for Japan's early success was the workers' intense loyalty to their employers.
Despite Japan's success in international trade, their economy is partially closed to the products of foreign producers.
Despite Japan's economic successes, it experienced stagnation and recession for most of the 1990s.
Three other Asian countries-Singapore, Taiwan, and South Korea-have made striking economic progress during the last 50 years.
Japan's success- The reasons for Japan's early success was the workers' intense loyalty to their employers.
Despite Japan's success in international trade, their economy is partially closed to the products of foreign producers.
Despite Japan's economic successes, it experienced stagnation and recession for most of the 1990s.
Three other Asian countries-Singapore, Taiwan, and South Korea-have made striking economic progress during the last 50 years.