JAPAN AND THE CHALLENGES OF A NEW GLOBAL REALITY

Florin Bonciu

Romanian Economic Business Review, 2016, vol. 11, issue 3, 34-43

Abstract: The research starts from the perception that once humankind has entered the new millennium and particularly in the post 2008 crisis period globalization changed its main characteristic from an integrating process to a global reality. This reality reflects a renewed role for states, a return to real politick and geopolitics and also a return to hard power instruments. The new global reality is the result of many factors of influence that include demographical aspects, climate change, the fourth industrial revolution and a new global and regional balance of power. This new global framework raises challenges to all countries of the world economy but this paper focuses on the implications on Japan as well as on the present and future responses Japan envisages for securing its competitivity. The conclusion stresses that despite its huge economic, human and technological potential Japan may face a difficult task in reinventing itself as a global player in the world economy that will evolve from 2020 to 2050.

Keywords: Globalization; globality; new characteristics of globalization; Japan economic prospects (search for similar items in EconPapers)
Date: 2016
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