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With the Japanese economy being viewed as one of the most prominent industrialized economies in the world it is vital that one considers all of the requirements of a highly industrialized society and not base their judgments solely on economic output Through an analysis of Japans reliance on her government to regulate her economy it will be established that she cannot compete in the global market Furthermore it will be demonstrated that according to Alexander Gerschenkrons theory alluding to industrialization Japan has not developed in a manner that will allow her to prosper Lastly the fact that Japan depends on technological borrowing supports Gerschenkrons theory for late industrializers When examining all of these aspects as a whole it is obvious that when referring to Alexander Gerschenkrons theory regarding industrialization Japan cannot be classified as a model industrialized nation as she possesses the characteristics of a late industrializer with a weak economic capacity Japans reliance on her government to regulate both trading practices and business operations reflects unfair protectionism and her inability to compete in the global market This will be validated through an analysis of the role of the Ministry of International Trade and Industry MITI within Japans economy Furthermore an elucidation of a US based manufacturers experience in doing business in Japan will reflect protectionism within the nation Finally a case study on the automobile industry in Japan will be analyzed and will portray Japans reliance on her government When combined this evidence will exemplify the fact that Japan is unable to compete without the influence of her government and therefore cannot be considered an economic power or an industrialized model The most prominent government influence in Japan is the Ministry of International Trade and Industry MITI which controls a great deal of her economy The formation of the Ministry of International Trade and Industry MITI in 1947 which decides strategic industrial policy and determines with the corporations which industries
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