Macro and Micro Economics and their Predictions for the Future Term Paper

Macro and Micro Economics and their Predictions for the in store(predicate) - Term Paper ExampleResearch has it that this growth began in the postwar period from 1955. Between this course of study and 1973, there was a rapid growth in the gross domestic product at 8% but later, the GDP per capita was at 3%. Most of this growth has been attributed to the increase in the manufacturing sector. Various spheres of human development too improved greatly during this period, for instance infant and maternal mortality rates declined such that by 1993 it was cardinal of the lowest in the world. Some researchers say that over the past decade, Japans frugality has been stagnant due to slimy population growth, debt, deflation and natural disasters. According to Buttonwood, however, the growth per capita over the last ten years is at 1.6% greater than that of the United Kingdom, Germany, France and even America (www.economist.com). Apparently, Japan has plans to start trans-pacific partnersh ip trade to increase its economic growth. some other indicator of economic growth is the Human Development Index, currently in Japan it is at 0.901, the twelfth out of 187 countries. The purchasing power parity jibe to the wall street journal is 1$= 110.784 yen. The of import industry in Japan is the manufacturing industry inclusive of electronics, automobile, biochemistry and optical media. Agriculture is not that well positive due to lack of farming land. These two industries provide the population with employment and according to the economist, in 2008, the dimension of job offers to applicants is at 0.59. However, the low birth rate is troubling this economy due to the high hazard of lack of available indigenous workforce in the next few years. Japan is known to be one of the easiest and best places to do business due to its low tax rate. This is one of the members of G-20 countries, an upcoming economy. Currently, its economy has an expectation to expand by 8.5% (the Econ omist). The increase in the workforce is one of the reasons why there is a high expectation of its economic growth. The growing national income per capita has been seen to triple at apercentage of 13.7% according to the wall street journal. Human development index in India is still questionable but expectations of gain are very high.