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Whose Lost Decade; Japan's Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8760 (Nov. 2011)
,
page 71.
Topik:
Economic Conditions
;
Gross Domestic Product--GDP
;
Economic Statistics
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
There is a tendency to see Japan as a harbinger of all that is doomed in the economies of the euro zone and America - even though figures released on Nov 14, 2011 show its economy grew by an annualised 6% in the third quarter. Look dispassionately at Japan's economic performance over the past ten years, though, and "the second lost decade", if not the first, is a misnomer. Much of what tarnishes Japan's image is the result of demography - more than half its population is over 45 - as well as its poor policy in dealing with it. Even so, most Japanese have grown richer over the decade. In aggregate, Japan's economy grew at half the pace of America's between 2001 and 2010. Yet if judged by growth in GDP per person over the same period, then Japan has outperformed America and the euro zone). In part this is because its population has shrunk whereas America's population has increased.
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