Political Science Essay Example | Topics and Well Written Essays - 2000 words - 1

Political Science - Essay ExampleBut this rise was not unending. After grand growth in the 1980s, Japan suffered a terrible lost decade during the 1990s, beginning with the world ecological niche in 1990-92. Why was the recession so especially painful for Japan? Why did it extend for around a full decade, causing so many lost stinting opportunities? And perhaps more importantly, what loafer the United States and the global economy, currently mired in a serious recession, learn from this period of economic doldrums in Japan? This essay will try to get to the bottom of these important and timely questions.In the decade before the long drawn out recession of the 1990s, Japan experienced precious growth. Its flagship industrieselectronics and cable carswere taking over the world. These companies had an impressive reputation of high quality and reliability and were dominating their markets. American automobile makers were taken aback American electronic companies were being bought up. Because of savings programs implemented by the government and tariffs against induce in foreign companies, there was a lot of money in Japan available to invest in Japanese companies and other investments. The government was trying to depreciate the yen, which had soared in value in the introductory years. In order to do this, they dramatically eased monetary policy and increased spending. This economic stimulation conduct to a lot more money in the marketplace. Many economists believe that this situation led to an asset bubble in the slow 1980ssimilar to what happened in the United States over the brook few years. Real estate and art, for example, rapidly appreciated. As an example of how extreme this bubble became in the late 1980s it is said that the land in downtown Tokyo occupied by the Imperial castling (about 3.5 square kilometres) was valued at more than all of the real estate in