Econ FINAL essay 5

US
- size of economy: world's largest (25% of GDP)
- last at inventing new tech b/c US consumers like and can afford them
- adopt new tech fast because very competitive market
- macro strengths: good labor productivity
- macro weaknesses: high unemployment, large budget deficit
Japan
- Size of economy: 3rd largest (7% of GDP)
- management style: on-the-job training, little guidance, family structure
- macro strengths: high trade surplus
- macro weaknesses: 2 decades of stagnation
Germany
- Size of economy: 4th largest (5% of GDP)
- management style: strong work ethic, long run thinking, high wages/job security
- apprenticeship system: on the job training, 70% of teens participate

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kyle.coughlin

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Econ FINAL essay 5

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Econ FINAL essay 5

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2012-12-08T00:16:47Z

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