Thursday, March 19, 2020

The GDP of Japan †emerging economy

The GDP of Japan – emerging economy Introduction Gross Domestic Product, commonly abbreviated as GDP, is used as the measure of economic growth and development for national economies. It is also called the Gross National Income (GNI). The GDP measures the national income of a given country.Advertising We will write a custom report sample on The GDP of Japan – emerging economy specifically for you for only $16.05 $11/page Learn More In essence, Japan is a manufacturing economy and is considered as one of the most competitive economies in the world today. Japan competes with the United States economy and other developed economies in Europe such as the United Kingdom1. Japan is one of the largest economies in the world in terms of production of goods. It comes third after the United States and China respectively. However, for the purpose of this report, Japan will be considered as an emerging economy because of the recent flops in its economy. It is not considered as an economy that is com ing from scratch, but rather, from an economic downturn. This view is taken from the assessment of the Japanese economy in the year 2011 by the Bank of Japan. According to the World Bank Group, the economy of Japan has been showing positive economic outlook and coming out of the economic witnessed two years earlier. This view is based on a number of economic indicators that were noted in the year 2011 by the Bank of Japan. These indicators include the recorded rise in the overall production, as well as increased exports. These two indicators are the major signs of a performing economy2. With an increase in production and exports, the country is often on the positive side of balance of trade and balance of payments. Prior to the recent positive developments in the Japanese economy, the economy suffered due to a strong currency – the yen. The strong yen has been causing a shrink in exports by Japan.Advertising Looking for report on business economics? Let's see if we c an help you! Get your first paper with 15% OFF Learn More Though slightly recovered, the economy of Japan is still being affected by deflationary forces. However, strong monetary policies are aiding in cushioning the economy thereby putting it back on track3. Gross Domestic Product of Japan in 2011 The GDP is calculated through the addition of the total sum of consumption expenditure, added to the total investment expenditure, plus the government expenditure, minus the net exports. This can be represented as [GDP = C + I + G + (X-M)]. The net export is the difference between exports and imports and is a very important segment of the GDP formula. It determines the real worth of the economy relative to the international economy. The GDP is calculated on an annual basis. This is done after a cycle of 365 days, and it marks that total expenditures for both the final products and services produced and consumed by the country. The GDP of Japan in 2011 In the year 2011, the Gross Domestic Product of Japan totaled to 5867.2 billion United States Dollars. This is according to the figures availed by the World Bank. The GDP of the country was at 8.87 % of the GDP of the entire world economy. This according to the World Bank group 2012 denotes one of the highest preforming economies in the world. Private consumption expenditure The private consumption expenditure of Japan stood at 282.7263 trillion Japanese yens. This was boosted by the growth in the income of households due to a strong economy and positive prospects of growth4.Advertising We will write a custom report sample on The GDP of Japan – emerging economy specifically for you for only $16.05 $11/page Learn More Investment expenditure The total public investment expenditure of Japan stood at 0.2 trillion Japanese yens5. The government of Japan leads in the investment initiative within the country. The government spends a lot while investing in research and developme nt within the country. Government expenditure 2011 The total government expenditure in Japan in 2011 was 96.7 trillion Japanese yens. The expenditure of the government is high because the government focuses on two major dimensions of investment. These include investment in research and development, as well as real projects6. Exports Total exports for Japan in 2011 were 800.8 billion US dollars. There was a growth in from the previous year due to increased trade relations between Japan and major trading giants in the world like China. Imports The total imports into by Japan in 2011 were 794.7 billion US dollars. A high percentage of its imports came from China, which is one of its biggest trading partners. Graph of GDP of Japan in a decade The figure below is a graph of the GDP of Japan from the year 2000 to 2012. From the Graph, it is notable that the economy of Japan has been experiencing an increasing trend in economic growth. This is denoted by the increase in GDP each year from the year 2009 to the year 2012.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Source: The World Bank, 2012. Business cycle and economic development of Japan in 200s The characteristics of an emerging economy are usually denoted in the measures of GDP within that economy. These include the investment expenditure, consumption expenditure, government expenditure, and the net exports of that country. Increase in the production and exports are major milestones in economic development. As for Japan, there has been a notable increase in production as the economy picks up from the stagnated growth experienced due to economic shocks. Also, the country has worked on maintaining and even increasing the export of its manufactured goods mostly electronics and automobiles. This has helped to maintain a strong balance in the balance of trade records of Japan. Trade is the main basis on which economic development is always pegged. Therefore, a country that shows prospects of having a strong economy must be very active in international trade. Japan is indeed an icon not only in manufacturing, but also in the real global trade. Japan has been keeping a strong presence in the international market. Japan has maintained the production of standard goods that meet the demands of the market. This helps in sustaining and maintaining the country within the competitive markets. Japan has managed to penetrate the world’s strongest markets like the United States, Europeans Union and the ASEAN market. Japan is also penetrating the new and promising regional markets of developing economies like Africa, South America and Asia. As of today, Japan has established strong and sustainable trade relations with many countries in the entire continents of the world. With more prospects of raising its production potential, Japan will undoubtedly become of the strongest economies in the world in respect to GDP. Japan can fall in the top group of countries in the word that are heavily investing in technological development. The high investment in technology is the reason why the company is innovative enough to produce varied and high quality products. Technology has sustained the manufacturing sector of the Japanese economy helping it match with such sectors belonging to the most economically competitive countries. Trends in Japanese government expenditure in the recent years The public expenditure is a very important aspect in economic development of a state. The public spending is dictated by various factors including the economic targets and challenges facing the country. In general, Japan has been witnessing a high rate of government expenditure in the economy. This is in order to keep the economy at par with the other developed economies. The expenditure by the Japanese has accelerated from the year 2008. This is partly because of several economic situations and conditions that have been hounding the nation. The first reason for the increased expenditure by the Japanese government in the recent times is the worldwide economic recession. The gov ernment had to cushion itself for the shocks of the recession. One way of doing that was to make the economy considerably proactive. This would enable it to develop strengths to mitigate the economic shocks arising from the international financial market. The other factor, which has led to the rise in government expenditure, is the natural disaster that rocked the country in early 2011. The government had to release a lot of money in the economy to help in mitigating the effects of the disaster to the economy of Japan7. Conclusion Japan has one of the emerging strong economies in the world despite the numerous challenges to the economy. The GDP of Japan is projected to attain more growth in the coming years basing on the trends that have been witnessed over the past five years. Bibliography BBC News, Japans economy emerging from lull, says Bank of Japan, 2011, retrieved https://www.bbc.com/news/business-12461377 Mourdoukoutas, P, The new emerging Japanese economy: Opportunities and strategies for world business, Thomson/South-Western, Mason, Ohio, 2005. Organization for Economic Co-Operation and Development (a), Government Final Consumption Expenditure in Japan (JPNGFCEADSMEI): Main Economic Indicators, 2012, retrieved https://fred.stlouisfed.org/series/JPNGFCEADSMEI Organization for Economic Co-Operation and Development (b), Private Final Consumption Expenditure in Japan (JPNPFCEQDSNAQ): Main Economic Indicators, 2012, retrieved https://fred.stlouisfed.org/series/JPNPFCEADSMEI Sexton, RL, Exploring Macroeconomics, Cengage learning, Mason, Ohio, 2012. Footnotes 1 P, Mourdoukoutas, The new emerging Japanese economy: Opportunities and strategies for world business, Thomson/South-Western, Mason, Ohio, 2005, p 25 2 P Mourdoukoutas, The new emerging Japanese economy: Opportunities and strategies for world business, Thomson/South-Western, Mason, Ohio, 2005, p 28 3 BBC News, Japans economy emerging from lull, says Bank of Japan, 2011. 4 Organization for Economic Co-O peration and Development (a), Private Final Consumption Expenditure in Japan (JPNPFCEQDSNAQ): Main Economic Indicators, 2012. 5 Organization for Economic Co-Operation and Development (b), Government Final Consumption Expenditure in Japan (JPNGFCEADSMEI): Main Economic Indicators, 2012. 6 Ibid 7 RL Sexton, Exploring Macroeconomics, Cengage learning, Mason, Ohio, 2012, p 34

Tuesday, March 3, 2020

How To Write A 3000 Word Essay In A Day, Tips For Students

How To Write A 3000 Word Essay In A Day, Tips For Students Is It Possible To Write 3000 Word Essay In A Day? On many occasions, students find themselves struggling to beat an approaching deadline and deliver their essays within the stipulated timeline. While many manage to deliver, few accomplish or achieve as per their strength dictates. Lateness comes about because of different reasons and the most probable ones include: Procrastination – postponing things is almost like a disease which infects many people and in most instances is the main hindrance when you are looking to write your perfect essay in less than 24 hours. This habit contributes to students losing a lot of marks and never living up to their high standards. While some students are simply lazy and thus prefer to do other things when they should be working on their assignments, others lack the time or are involved in other activities that take up most of their time. Whichever the situation, procrastination greatly contributes to students being late with assignments, especially those that involve essay writing. Having to choose between other deadlines – at any time in college, students find themselves with a lot of assignments but less time to deliver. In such situations, some seek the help of professional writers, and others make coffee their closest friend as they try to finish their essays on time. Whichever the option a student opts for, at a certain point, they will find themselves behind the schedule. Regardless of the reason why people find themselves behind the schedule, panicking as some of us resort to is never the answer. As a matter of fact, panicking while late leads to one delivering a substandard essay or job. Students need to learn to keep calm and focused on the task ahead if they are to beat short deadlines. A task such as writing a 3000-word essay is indeed quite huge, and while it is not advisable to leave it to the last minute, in case it happens, students need to understand that it is indeed possible to finish it in 24 hours. This article is not in any way encouraging students to leave their assignments to the last day, but only letting you know that if you ever find yourself in such a situation, it is indeed possible to finish such a task. Actions That Can Help a Student to Write 3000 Word Essay in a Day The question how to write a 3000-word essay in a day is quite common among students. However, finishing a 3000-word essay in 24 hours is indeed easy, but doing a good job while at it might present the biggest challenge to students. However, this article outlines some actions which, if embraced, can help you achieve both. Here are the actions to help you deliver a high quality 3000-word essay in 24 hours: 1. Plan Having a plan is a key to a good essay. Lecturers always ask students to plan and prepare a study timetable to help them manage their time well. However, few take them seriously and therefore end up being late for almost everything within the school curriculum. Planning helps you to factor in everything and allocate ample time for all of your assignments. In 24 hours, you can do a lot of things, and it begins with the kind of breakfast you take. A healthy breakfast is indeed essential in this case. You need to have the right brain food to help your mind to relax and to distress yourself. Heavy breakfasts are, therefore, discouraged and snacks like fresh veggie sticks, nuts, asparagus, coconut, come highly recommended. Other fruits such as berries, oatmeal, bananas, dried fruit, etc. are also recommended. You need food that will help to lower your stress levels and the above are some of the most preferred. 2. Select your place of work Distractions contribute to you spending a lot of time doing very little. The place you decide to select as your working station should be quiet and allow you to work with minimal distractions. Whether it is at home or the school or local library, quietness should be the first factor for you to consider and it is closely followed by the how comfortable the place is. Choosing a place that is uncomfortable will contribute to your tiring fast and losing focus easily. It is also essential to be organized and always have things like bottled water, enough research materials as well as some snacks. 3. Minimize distractions The Internet is currently the biggest distraction at least for most people. When faced with a tight deadline, however, it is important to avoid all distractions and focus solely on the task at hand. Students spend a lot of time on social networks, but if on a tight schedule, avoiding them or even temporary deactivation of the accounts might help you focus. 4. Set yourself short-term goals If left with 24 hours to complete an assignment, time management is indeed essential to finishing it. Setting short-term goals is indeed necessary, and before beginning the writing process, it will be important that you set yourself some achievable objectives. While most of us tend to leave out breaks, they are a necessary inclusion, and it is essential to include them. 5. Selecting the right topic or question and approach to the assignment If asked to select an essay topic or question from a number of topics or questions, pick the one you are familiar with. This will help you avoid researching a new topic or question later. Take time to decide on your approach. The approach chosen will help you tackle the essay fast. The next step involves preparing an outline and including the key points you wish to have in your paper. 6. Writing the introduction Writing the introduction is the most challenging bit of essay writing, at least to most people. However, when under pressure and with less than 24 hours to go, the focus should not be on writing a perfect introduction but on including the necessities within it. You should, therefore, introduce your argument first and then include a relevant thesis statement. 7. Research Research should be focused and only be tailored towards a specific point. When going through the different topics within the selected reference materials, it is prudent to only skip to the chapters that are relevant to the topic under review. Be sure to paraphrase all of your arguments to avoid plagiarism issues which could render your work and effort useless. Use of resources such as Google Books is also advisable because it will help to increase your essay’s credibility.