Similarities and differences in trade policies of china and japan

Renminbi yuan Similarities between Japan and China China and Japan are very different countries and the similarities between the two are limited and mainly linked to their geographical proximity: Both countries have been and are subject to environmental hazards, in particular typhoons and earthquakes. Furthermore, both in China and Japan there are dormant and active volcanoes — although the Chinese ones have been mostly inactive for the last decades; 2. The nuclear accident in Fukushima, Japan, had a dramatic effect on the level of pollution in the country, but the government is implementing stricter policies to promote sustainability; 3.

Similarities and differences in trade policies of china and japan

Increasing charities are a sign of fundamental, structural flaws. Simplistic Ideology; Rhetoric versus Reality Free trade and free markets are essentially about making trade easier by allowing the market to balance needs, supply and demand.

Within a nation, it can be a positive engine for development. With the Cold War over, politicians, economists and others have been promoting unfettered free trade and free market ideology, pushing it to an even wider international arena to facilitate international trade.

Though, as will be suggested below, the current system in its reality is hardly the free trade that the theories describe. While these are not new ideas, their resurgance in the last few decades has led to naming the ideology as neoliberalism.

Richard Robbins, quoted above, also summarizes p. Sustained economic growth as the way to human progress Free markets without government allow for the most efficient and socially optimal allocation of resources Economic globalization is beneficial to everyone Privatization removes inefficiencies of the public sector Governments should mainly function to provide the infrastructure to advance the rule of law with respect to property rights and contracts.

Ideas such as markets being self-balancing to meet supply and demand, while increasing propsperity for those who participate freely sounds very appealing, in theory. However there are increasing concerns that go to the heart of the system itself such as, What about the reality of the current form of globalization, compared to the theory?

How has it affected various segements of society around the world? What has been the impact on the environment? Is it even free trade?

Related Questions

How have the functions of power and politics which cannot be ignored affected the process of globalization? Many in the developing world have been welcome to the ideas of globalization, but are wary of the realities as well.

For example, on November 16,during a lecture at the British Museum Nelson Mandela saidWe welcome the process of globalisation. It is inescapable and irreversible. It must not allow the most economically and politically powerful countries to dominate and submerge the countries of the weaker and peripheral regions.

It should not be allowed to drain the wealth of smaller countries towards the larger ones, or to increase inequality between richer and poorer regions. These types of concerns have given rise to many criticisms of the current form of globalization, and given a bad name to free trade free market capitalism in various circles.

What is Japan?

Robbins goes on to point out some of the assumptions that are made to support the neoliberalism ideology: Humans are motivated by self-interest, greed etc, expressed best through pursuit of financial gains Actions that result in greatest financial gains benefit society the most Competitive behavior is more rational for individuals than cooperation, hence societies should be structured around this motive Progress is measured by increased materialistic consumption and so ever more consumption should be favored.

There are elements in the above assumptions of what some have called Social Darwinism or others have described as survival of the fittestin a literal sense, to human societies. Yet, Cooperation is also often a survival mechanism as is competition, and sometimes these can go hand in hand or even overlap e.

While there are no doubts elements of self-interest in human nature, there are also elements of cooperation due to the perceived need for a stable society in which to live.

And cooperation also predates just modern civilization, and can also be seen in hunter-gatherer societies, as pointed out by anthropologists, such as Robbins, quoted above, and Jared Diamonds, author of Guns, Germs and Steel W. His book was indeed an interesting read.

His basic premise was that geography was the main determinant of how various societies developed, and why some were poor as a result, and others grew.

Comparison of Japan and China

Journals like Foreign Policy magazine I forget the exact issue in liked this, perhaps because it placed less burden of criticism on current power and economic configurations and put all the blame not even on the poor, but where they live.

For an example of deep critique of his work, see for example, Eight Eurocentric Historiansby J. Blaut Guilford Press,an award-winning professor of geography. For example, amongst other things, he charges Diamonds of employing bad science widely disputed and even discredited theories as fact using theories that were rejected forcefully by geographers before the middle of the twentieth century p.

He details how our understanding and interpretation of history is still influenced from colonial and imperial era thinking, which ultimately shows in various ways how Europe or people of European descent were somehow endowed with better qualities or better environment that led them to develop and others to stagnate.

His above-mentioned book, for example, looks at both conservative and Marxist historians that hold what he describes as a eurocentric view on world history; that ultimately historical advances progress to Europe, and in particular, northwest Europe. In the first book in his volume, Geographical Diffusionism and Eurocentric History Guilford Press,he details how prior to the beginnings of colonialism, various parts of the world showed similar levels of development that Europe had, including China, India, parts of Africa, and that they were not showing signs of stagnation, and some even showed signs of early market economies and even early signs of waged labor, just as Europe had.

He suggests instead, consistent with many in the third world especially, that colonialism and wealth plundered from the Americas was the prime reason that the west rose more rapidly than other regions.

But on the issue of cooperation in earlier societies, there seems to be no criticism.So asking about cultural differences between Japan and China is like asking about cultural differences, for example, between Italy and the UK.

Similarities and differences in trade policies of china and japan

Maybe asking about the differences between China and Italy would be a more interesting and possibly important question. Economic analysis and research summaries for a general audience. Despite their geographical proximity, Japan and China are very different countries, with unique historic, political and social features.

Similarities and differences in trade policies of china and japan

While China is one of the largest communist countries in the world, Japan is a – rather open – parliamentary constitutional monarchy. Before getting into the differences, let me quickly highlight some parallels and similarities between Japan and China.

Most notably, Japan and China have relied on export-oriented manufacturing approaches to industrialize (Japan in the early 20th century and China since the s).

Cultural Similarities and Differences between China and Japan (Essay Sample) Instructions: the paper was about issues affecting global business such as culture, . A look at some of the realities of free trade today.

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