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What the U.S. can learn from Japan

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What the U.S. can learn from Japan

Japan and the Four Little Dragons in order to achieve their

industrialization goals have a diverse set of policies ranging from

limited entitlement programs to a education and government bureaucracy

that stresses achievement and meritocracy. But one of the most

significant innovations of Japan and the Four Little Dragons is there

industrial policy which targets improving specific sectors of the

economy by focusing R&D, subsidies, and tax incentives to specific

industries that the government wants to promote. The United States

could adopt some of these industrial policies to help foster emerging

high tech businesses and help existing U.S. business remain

competitive with East Asia.

In Japan the government both during the Meiji period and the

post World War II period followed a policy of active, sector selective

industrial targeting. Japan used basically the same model during both

historical periods. The Japanese government would focus its tax

incentive programs, subsidies, and R&D on what it saw as emerging

industries. During the Meiji period Japan focused it's attention on

emulating western technology such as trains, steel production, and

textiles. The Meiji leaders took taxes levied on agriculture to fund

the development of these new industries. Following World War II

Japanese industries used this same strategic industrial policy to

develop the high-tech, steel, and car industries that Japan is known

for today. Some American industries are currently heavily supported by

the government through subsidies and tax breaks to farmers, steel

producers, ...

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Keywords: what can you learn from japanese culture, how is the japanese language written, what is the best way to learn japanese for free, what can you do with japanese language

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