Japan is known as the model for the free developing word and that is how their economic development works in Far East Asia. This is near in the boundary of Korean Peninsula.
This nation has been extending assistance to the less developed countries in the form of money, materials, and technology. It ranks number two among the highly developed free countries, and it is the fastest growing industrial society.It is being the economic superpower of Asia, which has attracted many admirers all over the world.
Their key to their nation’s success is the quality of its people because of their attitudes and values which really determines the success or failure of an economy.
I am very thankful to myself about this title economic development in Japan. This is a big help to the readers and viewers because people nowadays are searching in the internet article rather than reading a book.
It is also interested in the Asian Market which has a very large population. Once the people of the region could increase their purchasing power, it would be a huge foreign market for the industrial countries like Japan.
They have doubled its foreign assistance program, and most of it goes to Asia. This is a very wise economic strategy. Once economic and social conditions have improved the region, people could buy more goods and services. This means that Japan could sell more automobiles,motorcycles, radios, television sets, computers, and other electronic parts. When a rich country helps a poor country, it is always for self-interest. There is nothing wrong about this, once the assistance creates mutual benefits between the giver and the receiver. Let it be hoped therefore that this time Japan is really sincere in helping the less developed countries. After all, the fortunes of the few rich countries depend and based on the economic conditions of the third world countries.