The Economies of Japan and the Koreas.
Concerning economic power, not only is Japan the most powerful nation in all of Asia (this hegemonia is questioned when comparing Japan to China in certain economic areas), but also it has the 2nd strongest economy of the world, losing
only to the USA. South Korea has a fantastic economy as well. It has high investments mainly in the area of technology. North Korea on the other hand, is the opposite of South Korea and Japan. It is extremely undeveloped and primitive. Part of this is because of the country's political system.
JAPAN: Japan has nowadays one of the most powerful economies in the world. It can be considered the 2nd or 3rd largest economy, depending on which point of view is used to compare. After WWII, the country was left in ruins, after suffering the devastating effects of the first nuclear bombs. However, in the 1960s, Japan had the highest economic growth rate in the world. This exponential growth rate went on to the 80s, and in the 90s, slowed dramatically. The growth rate was now minimum compared to the 60s, but it had already made Japan the 2nd strongest economy in the world.
Japan is a small island nation, and thus, has inadequate resources. As it has a very strong economy, a huge deal of energy needs to be imported so as to nourish this economic giant of the East. In the beginning of it's growth, Japan had as main resource oil, but after the oil crises of the 70s, it decided to reduce dramatically the importation of this fossil fuel. Other important energy resources it uses include coal, nuclear power, and hydropower. The deposits of magnesium, silver, and gold are enough to meet Japan's current ...