GEOG 1014 Lecture Notes - Lecture 5: Insite, Trade Bloc, Xenophobia
Document Summary
1960s they had double digit economic growth rates. America was in recession and people started buying japanease htings. Trillions were lost (particually in th housing markets) People in the world are not buying from japan as much. Gov did not want people to save money! Have not had a growth rate for decades!! Helped japan as they were forming their economy in 60s, 70,s 80s. Now it makes japan worthless bc it is not free. High standards of living make for very high prices. Has been made worse by the japanease themselves! Japanease cmpanies are investnig in jobs/industries outside of japan. Do not like people going to japan to live! Raised retirement age to 70-life??? go home and have sex day!! Will increa eproductivity in the workplace and now they don"t need workers lol. Two party system but 1 policital party always wins. To be in gov, you are related to someone who is already in the gov.
