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Old November 12th, 2012, 09:04 PM   #21
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The Japanese have many things going for them, first a strong work ethic helps a lot, they seem to be very organized and are strong and commited team players, are a very "educated" (at least my point of view) people and don't relly on individualism as other cultures, they are commited to a cause and have the patience to commit long term to a common goal, and are able and even willing to make sacrifices to succeed.

And lets face it, they are perfetionists, look at their art, their architecture, music, and even their everyday items, always small, clean and "perfect", quality is something you can see in every aspect of their culture, from their food to their katanas, their temples and their gardens, they always try to aim for sublime, so at least in my opinion, yes the Japanese have certain advantages that have made them quite wealthy and of course I do have a very high respect for their culture.
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Old November 12th, 2012, 09:05 PM   #22
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Originally Posted by Naomasa298 View Post
The yen has floated since 1973, so you can hardly level this accusation at Japan now, and the won has floated since 1997.
I am not accusing Japan of anything. If anyone has issues with undervalued North-East Asian currencies it is the US, and maybe Western Europe.

As I have written before on this forum - the global balance of power is shifting and we are going to witness a lot of upheavals within our lifetimes.

It takes a lot to rise up from a massive drubbing in a major War and then buildup an entire nation. Natural calamities are a common occurrence in Japan and the Japanese people have a lot of resilience.

The point remains - in absence of natural resources there are limits to how many times money can be multiplied.
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Old November 12th, 2012, 09:16 PM   #23
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Steve Jobs was paid $1 a year.

Are you saying that it is a bad thing for people who employ tens of thousands of people to enjoy what they make?
$1 a year and he builds himself a yacht. Right.

It's not a bad thing to enjoy their salary, but it's a problem to get bonuses when their companies are laying off workers.
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Old November 12th, 2012, 09:39 PM   #24

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It's not a bad thing to enjoy their salary, but it's a problem to get bonuses when their companies are laying off workers.
Or when the company is doing poorly.
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Old November 12th, 2012, 10:15 PM   #25

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So, the people in Third World/undeveloped countries are poor because they are lazy?
Intentionally misunderstanding a post is a poor way to introduce yourself into a debate.

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Amen.(Amazing secret, huh?)
Indeed!

Note-I've lived in the developing world-people work hard if they have to but many don't bother since they see no future in it and maybe they're right.

I posted this on another unrelated forum -it applies to the Caribbean & Central America.....

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something I've found....in the Caribbean (and other places in Central America)-memories of slavery are strong and many people aren't too motivated to work for wages for someone else- they are content with what they have charming in it's own way but makes it tough to do business

That's one feature of life there that puts me off.
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Old November 13th, 2012, 06:52 AM   #26

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Intentionally misunderstanding a post is a poor way to introduce yourself into a debate.
You should have made a better and more thought-out post. My response was simply the continuation of your logic.

Someone living in Somalia (for example) will not become rich or successful regardless of how "hard" they work; they will need to emigrate to find that success. People in the Third World work as hard and in many cases harder than people in the First World (I've lived in both). Sure, the Japanese in the latter half of the 20th century worked "hard", but then so did the Japanese in the 19th century and I'm sure even in the 18th century and before. The causes for their economic rise are much deeper than "hard work".
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Old November 13th, 2012, 07:10 AM   #27

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The real key to Japanese economic success lies in the creation of a centralized Japanese state following the Meiji Restoration in the late 19th century, and the vigorous pursuit of industrialization as a national, state-directed effort. Nationalism was tied with economic development and expansion. Post-WWII, the Japanese simply continued what they were doing before, sans the militaristic imperialism.

Until there are powerful, centralized states in the Third World that have an effective bureaucracy and are free from neo-patrimonialism, there is little hope for their socioeconomic advancement. Every citizen can work to death and the country will still remain undeveloped.
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Old November 13th, 2012, 11:20 AM   #28
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Thanks a lot people, but i still don't quite know one thing. Why did their economy slump? Was it just an economic bubble bursting and if so, does this happen to all fast growing economies? Also, to civfanatic, i'm guessing by your username you also enjoy the great game series known as civilization? The Japanese are quite good in that as well.
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Old November 13th, 2012, 12:15 PM   #29

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I would argue that many countries (first world or third world) do poorly because of laziness. If they had a work ethic like the Japanese I think they would do better.
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Old November 13th, 2012, 12:29 PM   #30

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Thanks a lot people, but i still don't quite know one thing. Why did their economy slump? Was it just an economic bubble bursting and if so, does this happen to all fast growing economies?
No country can expect to experience rapid growth indefinitely. This is especially true for highly developed countries (like Japan) which are more economically "saturated". Even America can consider itself lucky if it sees 3-4% growth. Right now we are seeing countries like India and China experiencing fast growth because they are both still developing countries, which means that there are more prospects for economic growth compared to the developed countries. For example, India and China are both investing heavily in expanding their countries' infrastructure, which causes a corresponding increase in demand for products like cement and steel. However, such basic infrastructure had already been built by the West in the past. There is still a lot of untapped potential in Asia, but no so much in the West.

Don't know is that makes sense or not.


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Also, to civfanatic, i'm guessing by your username you also enjoy the great game series known as civilization? The Japanese are quite good in that as well.
Maybe, but in that game the Babylonians are also quite adept at building spaceships in the 18th century.
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