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Japanese Automakers in the U.S. Economy

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Japanese Automakers in the U.S. Economy Automobiles are the most frequently used form of transportation in the United States and much of the world. Owning a vehicle is almost a necessity in modern society. But when you go to buy a new vehicle, you are faced with the question "What should I buy?" Foreign, most popular being Honda, Toyota and Nissan. Or domestic like Ford, GM and Chrysler, also known as America's "Big Three." Should we feel guilty walking into a local Honda dealership to buy a vehicle that is more reliable and efficient than it's American competitor? Are we obligated to buy an American car simply to help support the economy? Do Japanese automakers make a negative impact on the automotive industry? No. In fact, Japanese automobiles and the many markets they support stimulate the economy in many more ways than they weaken it. As you read on, I'm sure you will understand why. In the past, it was the United States who broke through the cultural barriers in other lands and marketed our products and our culture. The products that we buy are an important part of our popular culture. The spread of Coca-Cola, Levi's, and McDonald's outside America symbolized the world's growing dependence and acceptance of America (Kelman). Now, America is no longer just the internationalizer, but also the internationalized(Kelman). Intense competition from Asian auto manufacturers for a piece of the U.S market has dramatically changed the way many cars are being built today. For one, cars are being built with higher quality and efficiency with more selections for cheaper prices from both U.S and Japanese car makers. Second, factories are becoming more ... ... middle of paper ... ... Presence (Kelman). Every year, billions of dollars are flowing out of this country. Although we blame many foreign businesses for taking U.S. jobs, often we forget to realize that many of the domestic corporations here in the U.S. choose to invest their money outside our borders. It is this choice that hurts our economy, not the people that are being paid to perform the job. Works Cited The Ministry of foreign affairs of Japan mofa.co.jp Public Interest Steven Kelman Winter90 Issue 98, p70, 14p ebscohost Detroit Free Press Jeffrey Mcracken 2-12-04 www.freep.com Arizona Daily Star James Miller of the Chicago Tribune 3-18-04 dailystar.com Bloomberg News Art Pine "US receiving more jobs..." 4-2-04 contracotimes.com Business week Susan Sesolak "Autos- A new Industry" 7-15-02 myphhlip.pearsoncmg.com
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