Ball Screws Essay
I also noticed that the global suppliers are concentrated in two Asian countries, Japan and Taiwan. Over 85% of the ball screws are made in these two countries in the world. Even though there are still some manufacturers in countries like Germany, Switzerland, or the United States, they only occupy a tiny portion of the global market. The main ones in Japan are THK, NSK, Nippon Bearings, and the main ones in Taiwan are Hiwin, PMI, TBI Motion, CPC. The quality of product from Japan is no doubt extremely high. Having a sticker saying “Made in Japan” almost equals high quality guaranteed. Taiwan was one of the four Asian tigers during the 60s to 90s, just like Singapore, Hong Kong, and South Korea. Even though quality of product and technical …show more content…
She taught us to be aware of not only the current social events but also the past ones. Old events teach us what we should react when facing similar case, and they may still have strong influence to the modern society. When I was doing research about the global suppliers of ball screws, I had a big question about why these two countries can be the dominant suppliers in the world. What happened in the past or what did their government do to make them be like this. I started looking for related history online and those economic pieces I learned from school slowly connected to the world facts, eventually became a clear picture. After World War II, the Japanese economy went to the lowest point in history. Since they put too much funds and resources in military for invading East Asia, people in Japan suffer high inflation rate and lack of domestic supplies. The whole world was afraid that Japan would start invading other countries again due to its poor economy. They limited the military expenditure budget in Japan, which was only around 1% of its GDP. Total savings are household savings, government savings and foreign savings. In the long run, total investment will equal to total savings. In this case, government savings increased dramatically, which made Japan ready for economy
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