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Essay

Japan vs. United States Economy Policy

Essay specific features

 

Issue:

American History

 

Written by:

Ina A

 

Date added:

June 18, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 456

 

Was viewed:

10011 times

 

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Essay content:

During the Meiji period Japan focused its attention on emulating western technology such as trains, steel production, and textiles. The Meiji leaders took taxes levied on agriculture to fund the development of these new industries. Following World War II Japanese industries used this same strategic industrial policy to develop the high-tech, steel, and car industries that Japan is known for today...
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Some American industries are currently heavily supported by the government through subsidies and tax breaks to farmers, steel producers, and other industries that have been hurt by foreign competition because they are predominantly low-tech industries. But this economic policy of the U.S. is almost a complete reversal of the economic policies of Japan; instead of fostering new businesses and high tech industry it supports out of date and low tech firms who have political clout...
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