Like Germany, Japan Had a Very Successful Economic Model That

question 39

Essay

Like Germany, Japan had a very successful economic model that fell on hard times in the 1990s.What changed to make the model less successful? How does this compare with the decline of Germany's social market economy model? What do both teach us about the future of CMEs in the face of globalization?

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Definitions:

Innately Programmed

Characteristics, behaviors, or instincts that are hard-wired into an organism at birth.

Self-fulfilling Prophecies

Predictions that directly or indirectly cause themselves to become true.

Prejudices

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often manifesting as biases or discrimination.

Stereotypes

Generalized beliefs or expectations about a particular group of people that may not accurately reflect reality.