Before the Tokugawa period, Japan was an isolated country. During the Tokugawa period Japan was altered by Western Influence and was affected by globalization.
Globalization has affected Japan in many ways. After the Plaza Accord in 1985, the yen appreciated greatly compared to the US dollar and other currencies. As Japan has become more industrious, Japan’s trading partners and direct investment has shifted from the US to East Asia. Investments, financial transactions from abroad have increases. Another factor, Japan has had to face competition from developed countries and newly industrialized countries. Often goods are produced in East Asia and South East Asia where labor is less expensive. Japan’s wage levels and employment have been affected by the competition. In order to remain competitive, Japan has had to reduce the number of employees, and the wages are stagnant. (Yoshida, 2003). Another effect of globalization is the demise of the system of lifetime employment. The economy has become more westernized with globalization (Webster, 2001).
Some of the differences, I noticed is in the social impact. Women have entered the workforce, and gained more rights. Japan imports a large amount of oil and agricultural products, and exports electronics and automobile parts. Without the ability to import oil Japan's industry would not have sufficient oil to continue production. The US economy relies on electronics and automobile parts from Japan. When the tsunami hit Japan, shut down Japan's nuclear reactors, the effect was felt in America. Certain products and parts were not available to the consumer in America. Japan produces a large amount of rice, but due to the lack of land, it imports a large amount of agricultural products like wheat. The economy in Japan is interdependent on productsfrom, and trade with other countries
Webster, F. (2001, March 20). Globalization does its work on japan. Retrieved from http://www.japantimes.co.jp/culture/2001/03/20/books/globalization-does-its-work-on-japan/
Yoshida, S. (2003, April 16). The impact of globalization on the japanese economy and industry. Retrieved from http://www.glocom.org/special_topics/colloquium/20030416_yoshida_impact/index.html
Globalization has affected Japan in many ways. After the Plaza Accord in 1985, the yen appreciated greatly compared to the US dollar and other currencies. As Japan has become more industrious, Japan’s trading partners and direct investment has shifted from the US to East Asia. Investments, financial transactions from abroad have increases. Another factor, Japan has had to face competition from developed countries and newly industrialized countries. Often goods are produced in East Asia and South East Asia where labor is less expensive. Japan’s wage levels and employment have been affected by the competition. In order to remain competitive, Japan has had to reduce the number of employees, and the wages are stagnant. (Yoshida, 2003). Another effect of globalization is the demise of the system of lifetime employment. The economy has become more westernized with globalization (Webster, 2001).
Some of the differences, I noticed is in the social impact. Women have entered the workforce, and gained more rights. Japan imports a large amount of oil and agricultural products, and exports electronics and automobile parts. Without the ability to import oil Japan's industry would not have sufficient oil to continue production. The US economy relies on electronics and automobile parts from Japan. When the tsunami hit Japan, shut down Japan's nuclear reactors, the effect was felt in America. Certain products and parts were not available to the consumer in America. Japan produces a large amount of rice, but due to the lack of land, it imports a large amount of agricultural products like wheat. The economy in Japan is interdependent on productsfrom, and trade with other countries
Webster, F. (2001, March 20). Globalization does its work on japan. Retrieved from http://www.japantimes.co.jp/culture/2001/03/20/books/globalization-does-its-work-on-japan/
Yoshida, S. (2003, April 16). The impact of globalization on the japanese economy and industry. Retrieved from http://www.glocom.org/special_topics/colloquium/20030416_yoshida_impact/index.html
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