Political leadership in the context of global political economy can yield different results, depending on the lens of analysis. In the context of economic policy crafting, effective political leadership can lead to equitable government regulation among public-private market interaction. In the context of social or more human-centric policy crafting, effective political leadership can alter a government’s ability to create rules that ensure reasonable reach across all persons involved. For instance, if political leader A were to set into law “financial institutions must place a higher threshold on the amount of money it holds in reserve;” it could send shockwaves through consumer markets domestically or even world-wide, even if in principle the move falls within equitable, economically-sound governing. The same is true across all perspectives involved in the discipline of Political Economy. If a political leader of a social democratic system leads contradictory to its basic principle of balanced public/private partnerships, he or she could inadvertently collapse the system. Or for instance, if a political leader were to enforce harsher mercantilist views on an economic system that carries the health and well-being of other economies (i.e. the United States financial firms working in tandem with other similar systems), the system could spiral out of control, similar to events leading up to the Great Recession of 2008. Proper political leadership is the band that binds a country’s government and its corresponding economic future together. If left up to the wrong hands, developing or developed nations could face a surreal reality of over-regulation and underperformance. Japan’s Real Estate Bubble or the Lost Decade a1989-1999 W... ... middle of paper ... ...rnal, 9(2-4), 211-223. Hook, G. D., Gilson, J., Hughes, C. W., & Dobson, H. (2002). Japan and the East Asian Financial Crisis: Patterns, Motivations and Instrumentalization of Japanese Regional Economic Diplomacy. European Journal Of East Asian Studies, 1(2), 177-197. Flemes, D. (2010). Regional Leadership in the Global System: Ideas, Interests and Strategies of Regional Powers. Farnham, Surrey, England: Ashgate Pub. Wachtel, P. (1988). A Look at the World Economy of the Next Generation: A Comparison of the United States and Japan. Journal Of Accounting, Auditing & Finance, 3(1), 49-61. MCKINNON, R. (2007). JAPAN'S DEFLATIONARY HANGOVER:: WAGE STAGNATION AND THE SYNDROME OF THE EVER-WEAKER YEN. Singapore Economic Review, 52(3), 309-334. Singapore Economic Review, Dec2007, Vol. 52 Issue 3, p309-334, 26p, 4 Charts, 18 Graphs Graph; found on p314
I chose this example of global collaboration because it represents one of the few examples where more countries are involved. As I wrote, the issues addressed and discussed in this summit are very different and extremely topical. I believe that the G8 as other similar forms of global collaboration, are the only ones that really they can change the world and find a solution to world problems. This is possible because there are involved the greatest powers in the world and the goal is to help the weak
helps with affording the debts owed to the IMF. Not to mention, one key argument from those that promote sovereignty is how much power the Group of Eight, or G8, has, due to them being first world powers, many feel that this would mean the valuable cultures and economic sovereignty of third world countries would be damaged by SAPs. Firstly, the G8 are 8 of the executive members of the IMF that meet annually to discuss major issues globally, regarding the globalized political and economic status in particular
Intergovernmental Organizations do many different things for the international world. They make collective goods, mediate, provide information and even authorize retaliation. One of the fundamental ideas behind IGO’s is that states will value their membership, and want to comply and contribute to ensure their membership and alliance to the IGO as well as the other members. Thus, in a perfect world if all states complied with IGO guidelines, there would be very little to no conflict. Naturally this
to apply these solutions where possible. This is called the 3R Concept in construction waste management. This was the G8 Action Plan on Science and Technology for Sustainable Development. This action planed and the progress of Implementation were adopted during the G8 Sea Island Summit in USA in 2004. The 3R Initiative was formally launched at a Ministerial Conference in Tokyo, Japan. This concept also called as the waste management hierarchy and it can reduce the carbon footprint of the world of construction
trends in Japan consist of alcoholic beverages, imported pasta, cookie wafers, snow ice (a type of incredibly sweet ice cream), soft shell shrimp, tea and coffee. Relations Between Japan and Canada Japan and Canada share a quite friendly relationship. Political relations between the two countries started in 1929 when Canada opened a legation in Tokyo. The opening of a Japanese embassy in Ottawa in 1950 followed this. Currently, Canada has a consulate in Nagoya and an embassy in Tokyo while Japan owns
to operate and control similarly usual ballast water. In this paper, authors considered and propose that how to supply recycling water as the substitute ballast water for ships. First of all, total amount of ballast water that was delivered from Japan was estimated from public statistics. Second, the method of sewage water supplying from sewage water works to port and cargo loading point in major Japanese port was researched. 1. Introduction On February 2004, the International Convention for
division between the wealthy developed countries, known collectively as “the North,” and the poorer developing countries as “the South.”… The North is home to four out of five permanent members of the United Nations Security Council and all members of the G8.”(1) As nations become economically developed, they may become part of the “North,” regardless of geographical location, while any other nations, which does not qualify as a developed nation, it is considered to be part of the “South”. The day when
and some are questioning whether the US should keep its role as the “global police” (Messerli). Many say we should relinquish this role, but if not us, then who? Sure, there are countries such as Russia, Great Britain, France, Germany, China, and Japan, or organizations such as the United Nations and the North Atlantic Treaty Organization (NATO), but they are not powerful enough to have the same influence that the US has (Messerli). In my opinion, I believed that the proposed League of Nations by
Adolf Hitler signed strategic treaties with Italy and Japan against the Soviet Union as well as rearming of the nation as he sought to dominate the world. In September 1939, Germany with the support of the Soviet Union invaded Poland forcing France and Britain to declare war on Germany hence; it triggered the
are declaring that Japanese Imperial Military trampled on their rights, some Japanese officials claim that Japan did not intrude the girls in the past. Regardless of irresponsible reactions from some governors, the Japanese government should give compensations and thorough apologies to former sex slaves who were enslaved as being “comfort women” during WWII because of relationships between Japan and other damaged nations, former sex slave and women’s continuous fight for their rights, and possible repetition
'Despite the views of many optimists, there are clearly losers as well as winners from the process of globalization.' The statement at the head of the page assumes that Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment (e.g. some may sight the availability of McDonalds fast food throughout
Japanese Identity Throughout its history, Japan has striven to define its national identity not by its own means, but by those predefined by foreign, and most recently, Western powers. Despite legends of the island archipelago being created by the sun goddess Amaterasu, Japan seems to have consistently maintained a indecisive self-image with respect to its neighbors. In the past, China had represented the pinnacle of culture and technology and had tremendously influenced other surrounding countries
world poverty. "Multinational corporations, the world trade organization, the G8 summit and various international financial institutions are supposed to advance free trade and promote economic development for the people of various participating countries, including those who are less developed" (Ho, 2004) In a number of different ways the increased globalization of the economies of the United States, Western Europe, and Japan is making business practices more uniform. The structure and organization of
Developing countries have fewer resources to obtain than the developed countries like America as a result of different social and environmental factors. Currently, developing countries are catching up by doing researches on the biosensor or self-diagnose devices within the range they can afford. The developing world is striving to improve their quality of life. The Social factors and Environmental Factors in developed and developing countries affect the medical devices in different ways. Social
There are a lot of politicians nowadays with good interpersonal, leadership and communication skills that assist them to gather the crowds of people and make influential speeches. They make a lot of promises and loud announcements to illustrate that they are definitely a man of changes. However, there are few outstanding leaders ‘whose actions speak louder than their words’. They indeed make positive changes that facilitate not only to the prosperity of the nation but also improvements in the world