Japanese and Canadian economies in Relation to Each Other and the International Economy

Extract

[...] One Japanese businessman is noting as stating that, atmosphere is just like that on the eve of World War II, when America, Britain, China and Holland surrounded Japan in the Pacific and tried to squeeze Japan by pressing on its supply of raw materials” (216). Thus, the conflict to that developed with respect to the automobile industry had definitively divided viewpoints based on the geographical location of the individual observer. Unfortunately, for Canada, the economic policies developed by Japanese government were not the only significant impediments to the development of the North American automobile industry. [...]

[...] What is clearly suggests is that the Canadian and Japanese governments have been able to effectively work together to improve the development of domestic economies while still ensuring favorable conditions for international economic development. Synthesis of the Data Synthesizing all of the information it has been presented in this investigation, it becomes evident that he trade dispute that developed between Canada and Japan occurred as a direct result of each country's decision to pursue different methods of economic development. Japan, in an effort to reduce the protectionist attitudes that have been established by the United States with respect to international trade developed extensively aggressive liberalization policies that would enable the government to effectively bolster the domestic economy. [...]

[...] Consequently, during much of the cold war period, Japan and Canada had little contact with each other (Nishihara, “Speech at The differing methods used by these two countries to develop their economies have a significant impact on the ability of governments from these two countries to interact successfully with one another. Despite the fact that both countries depended upon each other for the proliferation of trade very little consideration was given to the independent political development of either country. In addition to the differences that existed between the specific political policies pursued by each country, researchers also noted that the foreign investment strategies pursued by these two countries was also considerably different. [...]

[...] Although it is evident that Canada may have benefited from this plan, the response of the prime minister during this time was one of negativity toward the Japanese government: Pépin criticized Japan for its ‘restrictive import policies, extraordinarily aggressive marketing policies, and her undervalued currency.' He said that Japan, as a major trading nation, should take the lead, implying that it should not only do the rallying of international forces against protectionism, but also show a good example by making it easier for restricted Canadian exports to enter Japan (74). [...]

[...] Notable improvements that have been made in the context of the production techniques utilized by Japanese automobile manufacturers continue to make it considerably difficult for automobile manufacturers in the United States to keep pace with the technological innovation and cost savings that have been engendered in the Japanese manufacturing system. In many respects, one could argue that the changes that took place in the automotive industry in the 1970s marked the beginning of the end for North American automobile manufacturers. [...]