The Impact of Globalization in Japan

In: Business and Management

Submitted By acuifjgod
Words 1039
Pages 5
Author: Luwei Gao(Tim)
Words: 879
Tutor: Mark

The impact of globalization in Japan
"Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with the free transfer of capital, goods, and services across national frontiers"(Businessdictionary.com:1931). As the development of technology, connect between each different countries become easier, more and more countries can be easy communication or trade with other countries in many different fields, for instance economic, cultural education and other fields, that can make these countries develop fast. The globalization becomes more and more important to each country, no matter development country or developing country.
As we know, after the Meiji Restoration of 1868, Japan become a highly globalized country on many fields, like economy, science and technology, education and many other fields. This essay will introduce about the impact of globalization on economic, culture and education of Japan, analyze the impact of globalization on these fields.

"The economy of Japan is the third largest national economy in the world after the United States and the People’s Republic of China and is the world's second largest developed economy" (Oecd-ilibrary:2012). As we know, Japan is not a country has a vast land and rich resources, especially whole country economy almost destroyed by World War II. The globalization is the most important reason can help developing economy of Japan so fast, there are some performances about Japan has a lot of famous multinationals, especially on car manufacturers and electric products, for example Honda, Toyota, Mazda on car manufactures and Sony, Canon and Panasonic on electric products. These companies focus their work on overseas markets. Because of the limitation of the mainland market, these companies…...

Similar Documents

Impact of Globalization on Bangladesh

...Impact Of Globalization On Bangladesh Globalization has become a buzzword in the new era of international relations. Basically it is a process of expanding trade and commerce all over the world by creating a frontier-less market. But now it has had a far-reaching effect on many aspects of life Impact Of Globalization On Bangladesh : Impact of globalization is obvious in the following spheres : • Impact On Communication : With the impact of high-tech communication media and ultramodern transportation facilities, the world has come closer. Now we can learn instantly what is happening in the farthest region. Countries of the world have become like families in a village. They can share their joys and sorrows like next-door neighbors. • Impact On The Economy : The Impact Of globalization on Bangladesh economy cannot be denied. Like the developing countries of the world our country is getting benefit out of border-less market. Our GDP has increased. Garment industries are considered the foreign exchange earner. In terms of investment, employment and exports, the functioning EPZs(Export Processing Zones) have been greatly successful. • Impact On Modern Technology : Globalization is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and inter-connected world of information resulting in a 24-hour trading network. This technology has largely changed banking and financial activities.......

Words: 619 - Pages: 3

The Impact of Globalization on the Economy

...The impact of globalization on the economy Globalization is one of the main features of modern society. Today it covers almost all spheres of human activity, and its influence becomes more and more obvious. To talk about the effects of globalization, it is necessary to understand its nature and the factors, sources, which led to its emergence. Today majority of scientists agree that economic globalization “is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital”. There are several sources of globalization. The first factor is technological advances. E-mail, the Internet, and the World Wide Web have significantly lowered the costs of transportation and communication in international trade and in doing business by and large. Next reason of globalization is trade liberalization that has led to more liberal world trading system. And finally source of globalization is creating globalized media, the arts, and popular culture with the widespread use of the English language for global communication. Of course there is not a complete list of the factors of globalization, but in my opinion, those mentioned sources are the most important. Globalization has significant impacts on all economies of the world, with various effects. There are heated debates around positive and negative effects of globalization. Leading pro-globalization arguments make a strong case......

Words: 432 - Pages: 2

Globalization Impact on Healthcare

...Globalization impact on healthcare Faculty Advisor; Prof. Peter Carrillo Student; Mohamed Osman National University 03/31/2013 Table of Contents Abstract 3 Problem Statement 4 Globalization and Poverty 5 Globalization and Climate Change 7 Globalization and Immigration / Emigration 8 Globalization and Communicable / Non-Communicable Diseases 9 Conclusion 12 References 13 Globalization impact on healthcare Globalization is the process of promotion of economic integration, communication exchange, cultural diffusion and travel, which facilitate the exchange and connection between nations, commerce and individuals. The effect of globalization on healthcare and individuals is complex. The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers also global transportation and the communications revolution enabled rapid response to epidemics and catastrophes. On the flip side, the rapid mobility of people across borders, the spread of infectious diseases is a great threat to everyone, particularly in poor developing countries. “Today, no microbe in the world is more than 24 hours away from the gateways of every industrialized country, and what incubates today in the tropical rain forest can emerge tomorrow in a temperate suburb.” --Nils Daulaire (Kelley, 2005) The link between globalization and global warming and......

Words: 2745 - Pages: 11

Impact of Wto on Globalization

...Impact of WTO on Globalization Trade Policy Introduction World Trade Organization (WTO), found in 1995 and headquarters is in Geneva, has its clearly main purposes since its beginning that to promote economic and trade development all over the world. Up to the end of 2008, there are more than 135 members in the organization. In particularly, with the expansion of globalization trade, international business is more often than any time in the history. As one of the most crucial carrier of economic globalization, WTO establishes a set of international trade rules focusing on the liberalization, which play a strong role of encouraging and guiding in the process of economic globalization (Pauwelyn, 2005). This essay will mainly discuss WTO’s influence on the rules of globalization trade in combination with the current reform of trade policy. It will explain the topic from the following four aspects in detail: first, the basic rules WTO set up for the international trade, then, rules on e-commerce, the new rising global business, third, the preferential rules made by WTO for developing countries, and at last, it will discuss the impacts of WTO’s regulations on environmental issues when doing global trade. Basic Rules WTO set up for the Global Trade WTO's main objective is to provide adequate competitive opportunities for the trade among the members, which needs recognized common rules and principles for members to abide. There are two basic principles, namely the MFN principle......

Words: 2421 - Pages: 10

The Impacts of Globalization

...The Impacts of Globalization As humans, we usually tend to ask about each other and try to exchange new ideas. In our new world, this human’s habit has become easier than before, and that caused by the new technologies and mass media. People like the new interconnection in the world because it allows them to contact whoever they want wherever they are. Despite the benefits, there are some drawbacks of globalization, and the two main drawbacks are cultural and economic. Cultural threat is one of the reasons that make people worried about globalization. Some people are worried because they believe that their traditional culture may be in risk because of foreign influence such as the immigrants, who came to their country. Pew attitudes Project’ survey (2007), which covered more than 45,000 people around the global, demonstrated that most people in the countries surveyed are concerned about their culture traditions from immigrations. They think it may affect their national identity by immigrants bringing their culture with them. Also, there are some people who think about globalization from a different aspect. They think that their traditions may disappear from people who left their countries. For example, many young people from Paracho, Mexico are leaving the city toward America in order to find jobs. Their jobs as traditional guitar makers became less profitable, and the opportunity of having a good job in America is big, so people in Paracho are wondering how to keep......

Words: 584 - Pages: 3

Impact of Globalization in Malaysia

...1. INTRODUCTION Malaysia as described by many economists and development scientists is one of the fast growing developing countries in the East. The rapid process of economic development and increase number of population is a resulted from the globalization that Malaysia had experience. Globalization may be thought of initially as the widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporary social life, from the cultural to the criminal, the financial to the spiritual. Globalization is a situation explaining a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade (Wikipedia). Meanwhile, Palmer (2002) defines globalization as "the elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result”. Professor Madya Dr. Zaid Ahmad stated that, globalization is a recently emerging fashionable expression that carries several connotations. There are those who have used it to express what they argue as new phenomenon enveloping societies the world over. Generally, globalization involves three distinct processes such as the distantless, borderlessness and interconnectedness of nation-states Society always arguing about a process which is naturally unstoppable. Either unprepared for it or against it, they will simply......

Words: 5806 - Pages: 24

Globalisation Impacts on Japan

...entire concept of Japan as a whole, the entire meaning and history of the nation is larger than that. When Westerners think of Japanese culture, perhaps one of the first images that spring to mind is one of an ancient Samurai warrior wielding his heavy sword, while these elements do play some role in the entire concept of Japan as a whole, the entire meaning and history of the nation is larger than that. Japan globalisation impacts on culture, economy and the environment Japan globalisation impacts on culture, economy and the environment http://www.cia.gov/library/publications/the-world-factbook/geos/ja.html http://www.asiaonline.com.au/japan/attractions.html http://iml.jou.ufl.edu/projects/Spring01/Newsome/culture.html http://buna.arts.yorku.ca/japanese/ejlt/globalization.pdf http://hqwide.com/epcot-disneyland-torii-lakes-culture-japanese-architecture-wallpaper-71300/ http://www.cia.gov/library/publications/the-world-factbook/geos/ja.html http://www.asiaonline.com.au/japan/attractions.html http://iml.jou.ufl.edu/projects/Spring01/Newsome/culture.html http://buna.arts.yorku.ca/japanese/ejlt/globalization.pdf http://hqwide.com/epcot-disneyland-torii-lakes-culture-japanese-architecture-wallpaper-71300/ [Street Address] [City], [State] [Postal Code] [Web Address] [Street Address] [City], [State] [Postal Code] [Web Address] Lorem Ipsum Dolor Lorem Ipsum Dolor Bibliography Bibliography Brief Information On Japan Brief Information On......

Words: 1070 - Pages: 5

Impact of Globalization

...THE IMPACT OF GLOBALIZATION ON INTERNATIONAL BUSINESS GROUP NO-01 FMG3231 INTERNATIONAL BUSINESS ECONOMICS FACULTY OF MANAGEMENT CONTENTS PAGE NO An introduction to international business 3 What is globalization? 6 The impact of globalization on international business 6 Future of international business and globalization 12 Summary 12 Reference 13 1. AN INTRODUCTION TO INTERNATIONAL BUSINESS International business involves all commercial transactions—private and governmental—between parties of two or more countries. Global events and competition affect almost all firms—large or small. However, the international environment is more complex and diverse than a firm’s domestic environment. An international business has many options for doing business, it includes, * Exporting goods and services. * Giving license to produce goods in the host country. * Starting a joint venture with a company. * Opening a branch for producing & distributing goods in the host country. * Providing managerial services to companies in the host country. Features of International Business Large scale operations: In international business, all the operations are conducted on a very huge scale. Production and marketing activities are conducted on a large scale. It first sells its goods in the local market. Then the surplus goods are exported. Integration of economies: International business integrates......

Words: 2743 - Pages: 11

Impacts of Globalization

...Impact of Globalization Globalization of Markets: Refers to the merging of historically distinct and separate national markets into one huge global market place. Falling barriers to cross border market have made it easier to sell internationally. It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge in some global norm, thereby helping to create a global market, for example Nike shoes are worn all over the world from Canada to Argentina, and from New York to Tokyo most people know about the brand name and demand that stores carry the brand. I recently visited the country of Colombia and found out that mostly everything that’s available in New York is available there also. I was able to find Rolex watches, Apple computers, Mercedes Benz luxury automobiles and so on. A company does not have to be the size of a multinational in order to participate and benefit from globalization of markets, any small firm can participate in the worldwide trade provided that they get the proper contacts and they do the proper due diligence to make sure they are working with legitimate companies in order to assure themselves to get paid for their goods and services because otherwise it would be very hard to collect on debt from overseas. The most global markets currently are not markets for consumer products, where national differences and tastes are still important enough to act as a brake on globalization. For......

Words: 1807 - Pages: 8

Impact of Globalization

...     GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY “Globalization was supposed to bring unprecedented benefits to all. Yet, curiously, it has come to vilified both in the developed and developing world”—Joseph E Stiglitz, Making Globalization Work, 2006. - PROF. DR. M A JALIL State University of Bangladesh ABSTRACT Today all the modern and developed and developing countries are more or less within the fold of globalization. Bangladesh with its expanding sway of exports and imports is no exception to that. Globalization is increasingly becoming more and more popular, because most of the countries see their better fortune in this arrangement. Globalization covers a wide range of issues, economic, political, cultural, etc. There are scopes of win-win gains of the involved countries in their dealings. Since the issue of globalization is more a dream than reality, an effort was made to make the readers more aware about the issue, so that they take more interest in implementing the nobler ideas of globalization. Bangladesh has been trying to bring structural changes in her economy- increasingly expanding the contributions of industries in GDP, trade liberalization, boosting up exports, exporting more manpower in abroad, encouraging them in sending remittances, and alluring the investors (both foreign and non-residents of Bangladesh) for DFI. The country found the results encouraging and more efforts will be rewarding. Recently, Bangladesh has taken......

Words: 11046 - Pages: 45

Impact of Globalization on Education

...Culture and Globalization Table of Contents PREFACE ............................................................................................................................................................................... 2 INTRODUCTION ...................................................................................................................................................................... 2 GLOBALIZATION VS. LOCAL CULTURES .................................................................................................................................... 3 THE INFLUENCE OF U.S. CORPORATIONS ON LOCAL MORES ................................................................................................... 3 THE DOMINANCE OF THE AMERICAN MARKET .......................................................................................................................... 4 THE INTEGRATION OF CULTURES ............................................................................................................................................ 6 REAFFIRMATION OF LOCAL CULTURE ...................................................................................................................................... 6 A CLASH OF CIVILIZATIONS?.................................................................................................................................................. 7 CULTURAL IMPACTS OF GLOBALIZATION ....................................................

Words: 17261 - Pages: 70

The Impact of Globalization on Employment

...The Impact of Globalization on Employment Adrian Armijo April 21, 2016 Abstract This paper focuses on the impact of globalization on employment and provides a thorough analysis based on its pros and cons, as well as its effect on wages in OECD nations. With faster interaction or communication of ideas, the stride of industry growth in the emerging world amplified, producing an upsurge in the job markets. As a result, many emerging countries are now undergoing very positive growth rates. In developing nations, predominantly developing nations, globalization led to an increase in employment, either through new businesses being created or businesses offshoring from industrialized nations. While it may be tough to put an accurate number on this, it can be said that globalization generated more jobs in total than it eliminated. In some countries, globalization has played an extremely important role in relation of enhancing employment. Given these points, globalization has enhanced employment and salaries in emerging nations mainly because of inflows of foreign investment or rises in the price of an emerging nation's export products. Introduction First of all, the primary reason and result of globalization is worldwide trade, which has increased significantly. An increasing trade has frequently been followed by greater financial advance, though not in all cases. The correlation between globalization and employment is of rising importance to policy makers in developing......

Words: 2989 - Pages: 12

Globalization and Its Impact on Pakistan & Usa

...PERVAIZ KHAN L1S08BBAM0137 GLOBALIZATION “Globalization in an increased unification of world’s economics through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition.”(Friedman 1999). Globalization is an unrelenting integration of nation states, consumer markets, and technologies to an extent that has never witnessed before. Now globalization has enabled the companies and individuals to reach out world faster, farther, deeper and cheaper than ever. Globalization has leaded us to increasing integration of markets, products or services, culture, ideas, and communication. There were two drivers of globalization. First is, by end of World War II, there was a downslope in barriers to flow of capital, goods and services on world wide scale. Second is technological shift in past 3 or 4 decades have resulted in dramatic development in information processing, transportation technologies and communication. Globalization is not a new phenomenon - for thousands of years, people and firms —have been buying from and selling to each other in lands separated by distances. But government and technological changes have promoted globalization to a much greater extent as it did in past. Currently, the greater impact of globalization is much more accounted to......

Words: 3093 - Pages: 13

Psychological Impacts of Japan Earthquake

...Psychological impacts of Japan earthquake could linger for years The Japanese are beginning to pick up the pieces after Friday's earthquake -- but it could take much longer for their society to heal Alexandra Pope, staff writer March 13, 2011 — As victims of Japan's devastating earthquake and tsunami begin the long process of picking up the pieces, an expert on the country's culture and society says the psychological impacts of the disaster could be felt for generations. It could be years before the full extent of the earthquake's impacts are known The physical aftershocks of Friday's deadly magnitude 8.9 earthquake and subsequent tsunami could continue to rattle northern Japan for months. But according to Dr. Mark Watson, an assistant professor in the department of sociology and anthropology at Concordia University in Montreal, the psychological impacts of the disaster could be felt for even longer. Watson, who has spent the past decade studying social and cultural issues in Japan, says earthquakes are part of life for the Japanese, but the sheer scale of this disaster will make it difficult to overcome. “This is a once in a thousand-year event, and the devastation that’s been seen in north Japan is absolutely horrific,” he says. “How people will cope with it is an interesting question, especially given that in the 20th century they had two major earthquakes.” After both the 1923 earthquake in Tokyo and the 1995 earthquake in Kobe, Japan proved its......

Words: 527 - Pages: 3

Impact of Globalization

...days was a record 44.9 million days, a growth of 17.1%, or an average of 3.86 days per visitor. 22.3% of visitors were day-trippers (less than one day), 19.7% stayed for one day, 17.6% stayed for two days, 14.7% for three days, and the rest for 4 days and above. 76.0% of visitors arrived by air, 10.9% by sea, and 13.2% by land. The largest age group of visitors was from 25–34 years old at 22.7% of visitors, followed by 21.8% for those aged 35–44 and 17.9% for those from 45–54 years old. Over half (53%) of visitors came from the five biggest markets, namely Indonesia (2,305,149), People's Republic of China (1,171,337), Malaysia (1,036,918), Australia (880,486) and India (828,903). Other major markets include the Philippines (544,344), Japan (528,817), the United Kingdom (461,714), Thailand (430,022) and the United States of America (416,990). Tourism receipts was estimated to reach S$18.8 billion in 2010, a growth of 49% compared to 2009, with Shopping and Sightseeing/Entertainment accounting for 21% of total expenditure each, Accommodation making up 19%, and Food and Beverage another 10%. Medical receipts, representing the medical-tourism industry the country was trying to promoted, contributed 5%. In particular, Sightseeing/Entertainment, which included expenditure at the two new Integrated Resorts, grew by 1,834%. Gazetted hotel room revenue was estimated at S$1.9 billion, an increase of 21.8% over 2009. The overall average occupancy rate was at 86%, 9.8% more than...

Words: 371 - Pages: 2