If someone put Japan and economy in the same sentence, they will most likely have something positive to say. Japan is slowly climbing the economic ladder. They are now the third country with the largest free market. Butt off course, they couldn't do it by themselves. Japan has many companies that are in other countries such as China, Malaysia, and India. They even have some companies in America. But, Japan hasn't always carried their companies to other countries. Having many economic troubles especially after World War II, Japan had to go out to help improve their economy. Japan also has many earthquakes and tsunamis that cause it to have to reshape their economy especially after big ones that create huge dilemmas. Although Japan has been rising in their economic status, their increasing actions in offshoring and outsourcing has occurred because of the devastations that happen in the country.
Japan is a country of hard working people. But, these hard working people are either replaced or put in other countries to be payed less. Though cheaper and more efficient for Japan as a whole, it isn't always the best for the individual person. What is suppose Japan do though. With the recent tsunami that has occurred, many terrible events happened such as "displaced or injured workers, damaged factories, crippled infrastructure and an electricity shortage" (Wall Street Journal). Japan has to send people out or give jobs away to other countries just to build up all they lost. Just from this recent tsunami, "Japan lost about 5% of its capital stock" (Wall Street Journal) which is more than past tsunamis that caused Japan to lose capital stock. With offshoring and outsourcing, Japan has sent most of their companies to close relatives such as China, Malaysia, and India. Japan has also slowly moved to the West to distribute their items to other countries outside of Asia as well. Many IT technology companies, banks, and insurance companies have left Japan and gone to other places. It is great for Japanese students who just graduated from college because they are able to get a new job quickly and travel as well. It is also better for the company to have actual Japanese speaking people who cause the product to be the way that the company would want it to be instead of Japanese speaking Chinese people doing it the wrong way. Though it seems to helps, it can very much also destroy the Japanese economy. The Japanese Government sees this "as a long-term problem that will require government attention and financial support for years to come" (Trade Reforms). Though Japan needs to go out to other places to help their economy to continue to rise from all the chaos that has been happening, they are still struggling to keep themselves together.
Japan is doing well inside of their country and exporting their goods out instead of their jobs. Because of the problems that happen with Japan, it just compels them to have to go out to other countries. They should keep their jobs and people inside of their country. But, that won't be as cheap as sending them out. Because of this conflicting point, they take the easy route and send it out. Though seems like the best thing to do, Japan is so fast in their industry and can make it with less offshoring and outsourcing.
Works Cited
"MBA in Japan - GLOBIS University - Tokyo." GLOBIS Talks: "Outsourcing and Offshoring Strategies for Japan: Find the Right Path for You and Your Business" Dr. Mark Lee Ford, Mr. Edward Hall & Mr. Houston Ross. N.p., n.d. Web. 27 Mar. 2014.
"The Outsourcing Institute." The Outsourcing Institute. N.p., n.d. Web. 27 Mar. 2014.
The Wall Street Journal. Dow Jones & Company, n.d. Web. 27 Mar. 2014.
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