Compare and Contrast United States and Japan's Domestic and Essay

Compare and argumentation get together States and japans Domestic and International Market - Essay Example coupled States of America is the largest trade participator of Japan, where as Japan is the third or forth largest trade partner of the United States depending on the criteria, if the part states of European Union, which are trade partners with the United States, are considered to be the members of one entity or more. The correlation amid these two countries in their global as well domestic front has been discussed here under interior(prenominal) MARKETS The domestic marketing policy of the United States focuses more on the businesses it focuses on the sectors that every business c everywheres, where as the domestic market policies of Japan focuses on the technology and innovation that can be utilized for the go product development through out the businesses. Japanese clay of employment believes in sharing the benefits gained by the employees thus motivating them for be tter and innovative performance. Whereas, American system more likely focuses on obstinate wage system and abrupt termination at allow for, incase of the conduct leading to a wrong to the company, such approach proves to be very anti-innovative. In stable domestic markets American style will be beneficial both for the companies and the economies but when it comes to highly volatile and dynamic environment, the Japanese employment system should be preferred. Thats why it is said that the success that Japan enjoys is because of the way it compensates its employees (Dennis et al 1991). These differences lead to divergences in the labor market structure of both the countries as well. later the stock market crash in 1990, Japan suffered a set back in its economy, which took ten years for it to eventually recover, in 2004. After that Japans domestic marketing strategy focused on the research and development of the invigorated technology that would be promoted in the public sector, so that all the businesses can prosper. This approach led for the cite of its innovative techniques in all over the world. As far as the comparison for the domestic markets is concerned, United States excels in the traditional research where as Japan has a more innovative advantage over the global market. As compared to the American products, Japanese products and processes, which include semiconductors, automobiles, transistors, optical fibers, high end DVD & multimedia recorders and manufacturing systems, are more innovative and are highly demanded. Manufacturing has been the nigh substantial element of Japans economy since the World War II. Though the monetary value of United States manufacturing export is normally way more than Japans, but the proportion of the manufacturing export out of the total export is generally much lower than that of Japan. America has been focusing on its automobiles industries. After the stock market crashed, it bought the shares of most of the Japane se automobiles companies, which was a proof in itself that Japan had the higher end of technology in that field. Japans major exports still comprises of automobiles parts. According to an Organization of Economic Cooperation and Development (OECD), Japan holds the second lay out in the manufacturing sector after The United States of America. Japan had almost 470,000 manufacturing companies which was even more than that of United States (above 350,000). The United States of Americas domestic markets are a very complex paradigm, but