1. Globalization
In this case, China vegetables are very cheap to make compared with that of Japan. So consumers in Japan are buying Chinese goods and thus hurting their own economy. Japan is one of the world's largest exporters, and if many farmers get laid off then this would effect other markets of the Japan economy. ... However, Japan is realizing that government intervention is not bad if it means helping out your own economy in order to protect all economies. ... Thus, the government was trying to make money and help their own economy at the cost of other economies. ...
- Word Count: 2363
- Approx Pages: 9
- Grade Level: High School