Japanese Labour Export
Japan is the second largest producer of labour. The country has become one of the biggest exporters of labour around the world in many respects. The main reason for this is that they have many resources like land, financial capital and human capital to attract domestic manpower. The Japanese economy is also one of the strongest in the world, so there is a strong domestic base that can be utilised in many different ways. In fact if you look at the total population of Japan today it is close to one hundred sixty million but only a small percentage of them are employed in manufacturing.
In terms of the actual numbers of people that are employed in manufacturing they are actually lower than the US and many European countries. However, the export market is much more competitive than these other countries and also very large in volume. The large volume of exports has helped Japan to remain competitive in the global markets. Japan is not dependent on exporting but there are some major sectors that they do export to such as automobiles and steel which have helped them become so strong in their economy. These days Japan is looking to expand its market share and make itself more competitive in all markets around the world vietproud.
Japan has had a difficult time recovering from the loss of so many industries in recent years and is still lagging behind many economic competitors. However, the current government has spent a great deal of money in trying to restructure and open up some of the country’s markets. It is hopeful that the plan will succeed and the country will begin to attract more foreign investment and jobs in the future.
There are many factors that affect the growth of the Japanese economy and one of the major contributors is the massive labour export industry. This has helped Japan to improve the standard of living and create more jobs in the process. In recent times the number of non-native workers has risen sharply and this is having an adverse effect on the Japanese economy. This has led to many companies recruiting foreign labour on a regular basis. The result is that wages are rising in order to attract more workers from other countries.
Another factor contributing to Japan’s economy is its proximity to the United States. American goods and services sell for much less in Japan than they do in the US and this has led to a lot of American goods being shipped to Japan on a regular basis. This has been helping Japan to develop products at a much lower cost than it would if it sold them in its own market. As a result the Japanese manufacturers have had to expand their research and development budget very quickly in order to keep up with the competition.
Japan has been very successful in developing new and modern industries. One of these is the medical equipment industry. They have been particularly successful in the export of medical equipment, where they have enjoyed huge success in creating new products and better manufacturing techniques. Their expertise in this field has allowed them to produce cutting edge devices which are very efficient. They have also been successful in lowering the cost of manufacturing and are now exporting their products around the world. This has led to Japan, becoming one of the largest exporters of medical devices in the world.