Explain The Key Players In The Globalization Of Japan

Japan and its Globalization

For the recent years, globalization and Japan appear as two binary terms. While several nations take advantage of the benefits resulting from globalization, take for example China and its foreign direct investment (Yu, 2002), Japan views globalization more of a problem due to the compromising effects it caused to its national identity. The country formulated seemingly practical solutions to mitigate this pseudo-problem while continuing to beat foreign competitors in the world’s labor market. Japan made this possible through the aid of its highly-recognized key industries such as automobiles, consumer electronics, and computers. For the purpose of this paper, the key players in the globalization of Japan and the

Apparently, it involves the cooperation of nations in social, cultural, political, economic, industrial, technological and other institutional exchange. Japan’s automotive industry can be the best example of this phenomenon. One cannot deny the fact that Japan’s automobiles are the answers to the German’s expensive and efficient cars. Japanese automobile’s cost-effective and powerful engines are its best characteristics that lure the attention of most car consumers, whether local or overseas (Yeo, n.d.). One best example is the automobile company Toyota. As of the end of December 2015, Toyota conducts its business worldwide with 53 overseas manufacturing companies in 28 countries and regions. Toyota 's vehicles are sold in more than 170 countries and regions (Toyota, 2016). As such, Japan has been taking advantage of globalization through market expansion due to its cost-efficient strategy while staying

Globalization is inevitably invading the intrinsic identity of nations due to transnational exchange. For Japan, being a homogenous nation (as cited in Dong et al, 2008), there is a struggle of globalization, especially in its labor industry. Japanese industries have identified market expansion overseas as a solution to such. It is also to cope up and compete with its foreign counterparts without heavily relying on costly importation and exportation trade (Gudjonsson, 2009). However, it appears that the country is struggling to avoid from majorly importing products. Importation may result in huge competition with Japan’s local products and would likely result in a foreign direct investment. With that, it would seem that the concept of market expansion is an underlying solution of Japan to remain its national identity be intact through avoiding the dominance of international products and foreign direct investment within its national