ADMS 2610 Lecture Notes - Sanwa Bank, Zaibatsu, Human Capital
22 Mar 2013
School
Department
Course
Professor
Document Summary
High saving rates: china- 25% of gdp, us- 0. 5% of gdp. Different economic model: focus on japan; later other asian countries just follow the japanese economic model. Led to a homogenous group with strong attitudes towards themselves and others. To secure resources and the desire to be accepted as equal by the world powers. Japan began territorial expansion to other asian countries. After ww2, it was shrunk back to its main landmass. Something happened that promoted us to grant japan independence in 1952. Japan re- industrialized and by 1980s had the highest per-capita income in the world. An important element in asian business is business groups: business groups: a collection of diversified firms that are formally and informally linked to each other, and under a central control. Chaebol in south korea: sumsung, hyundai, lg. Keiretsu in japan: matsushita, toyota, mitsubishi motors. But it all started in japan: pre wwii.
