answersLogoWhite

0

China has the world's largest population (1.3 billion people), immense fuel and metal resources and 140 million hectares of agricultural land. Since the 1970's the government has moved the economy from a highly centralised command type with detailed, inflexible planning to a decentralised, incentive-based system with only indirect general planning and has allowed private enterprise and foreign investment (for export production). The large trade surplus, rationalisation of industrial and agricultural production and massive increases in infrastructural investment and private consumption have led to high growth rates. Japan has a strong economy based on a comprehensive education system, highly developed infrastructure and well organised industrial combines (kerietsu) that vertically intergrate production, invest heavily in capital equipment and worker training and sacrifice profits for greater market share (aided by long term bank lending). Japan specialises in high value goods (machine tools, cellphone components, industrial ceramics, motor vehicles and lorries, carbon fibre, titanium, semiconductor materials and industrial plant/equipment) that enjoy large shares of the world market and the economy is not nearly as dysfunctional as the benighted Anglo-Saxon press or the Japanese government would have you believe.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Why is America and japan the two leading countries?

Very strong economies.


How do the economies of China and North Korea compare to South Korea and Japan's?

China and North Korea have poorer economy compare to South Korea and Japan.


What are the 3 countries?

Russia, Canada, and the USA, the biggest economies are the USA, China and Japan.


What are the 4 major economies that have developed around the world?

The four major economies that have developed around the world are the United States, the European Union, China, and Japan. The United States is known for its innovation and technology-driven economy, while the European Union represents a significant collective market with diverse economies. China has rapidly transformed into a manufacturing and export powerhouse, and Japan is recognized for its advanced technology and strong industrial sector. Together, these economies significantly influence global trade and finance.


What are the 3 largest countries?

Russia, Canada, and the USA, the biggest economies are the USA, China and Japan.


How did china affect japan?

China gave Japan Buddhism,tips on growing rice,even its name! China did indeed have a strong affect on china.


Which countries have strong economies even though they have no oil reserves?

Germany, Japan, and South Korea are examples of countries with strong economies that do not have significant oil reserves. They have diversified economies, strong manufacturing sectors, and a focus on innovation and technology that contribute to their economic success.


What was the effect on japan for invading china?

China gave Japan Buddhism,tips on growing rice,even its name! China did indeed have a strong affect on china.


What countries have the strongest economies?

In no particular order: The USA, European union, China, South Korea, Singapore, Taiwan and Japan all have very big and powerful economies. Economies are constantly changing...However the current strongest economic countries are the U.S, Japan, Germany, India,China, Russia,France, U.K.,Italy,Spain and Australia.South Korea is among them.


Is China ranked in the top 10 economies rated by GDP?

According to the United Nations, China is one of the top 10 economies rated by GDP. In fact, they are second behind the United States and one position ahead of Japan.


What was similar and different between imperial china and feudal japan?

theree similar because there cool its not a good answer maybe this will halp more...so They are both Asian countries. They are both very strong economies, and export many commodities to the world. China and Japan have almost the same written language. They also have similar forms of architecture


What countries have mixed economies?

USAUKCanadaBrazil, Russia, France, Spain, Indonesia, China, Germany, Japan and maybe the United States.