Japanese Economy ideas from lecture

#42307
Iris Marin
Spectator

idea 1: It is bittersweet that War has definitely helped the Japanese economy grow. Based on the graph shown in the lecture those spike during war are irrefutable. Once the economy had gone up people wanted to be able to spend so consumerism post was also an avenue of growth. 

idea 2: Some ideas that resonate with me on the Japanese Employment Practices: lifetime employment, seniority wages, unions. Stake holder vs share holder mindset. Taking care of employee. This reminded me of LAUSD salary schedule, CAL strs retirement , medical. But there is so many fine line rules that you need to abide by in order to reap full benefits. 

idea 3: Japanese believed in  " buy the first machine abroad, make the second machine at home." this type of thinking has helped the Japanese be comptetitive. Yet now they are having difficulty to be the leaders. So it seems they can replicate and catch up, but what now? Could this be because they don't like risks (country with highest insurance acquisition) and its low entreprenurship spot on the list?