country: japan Broaden your statistical profile to include at least five recent
ID: 1195585 • Letter: C
Question
country: japan Broaden your statistical profile to include at least five recent (post 2010) statistics to give someone who doesn't know anything about your country a fair understanding of your country’s situation. You can report on infant mortality, longevity, adult literacy, educational attainment, Gini Index (coefficient of inequality), emigration or immigration, etc. Accompany each statistic with an explanation of why the information is important. 4. Resources: Briefly describe the countries basic resources: labor force, natural resources and capital. Has your country than investing in its private public and human capital? Provide a brief description of the educational system in your country. What are some major demographic trends that are affecting the economy of your country? Discuss at least two key drivers of economic growth for your country? What are the key growth constraints?
Explanation / Answer
Japan is a democratic, constitutional monarchy with a parliament government headed by a Prime Minister. Japan's highly industrialized market is the third largest in the world. It has a well-educated industrious work force and it's one of the largest consumer markets. The economic growth of Japan is featured by remarkable and internationally renowned manufacturing. It's a world leader in the manufacturing of electrical and electronics products and other precision instruments. International trade is quite significant as Japan spends nearly 16 percent of its GDP on exports. Japan has few natural resources and its agricultural sector is highly protected. The rapid ageing population will reduce the size of workforce and tax revenues.
Labor market reforms to increase participation will need to among measures to counter this trend. On account rapid ageing it has to place increasing demands on health and welfare expenditure.
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