Japan and Korea

In the last decade, Asian countries assume made expectant and rapid economic gains. As many Asian firms outperformed their US counterparts, some researchers began to speculate on whether the organizational structures of business groupsâ€"specifically, the Korean family-owned conglomerates called chaebols and the Japanese conglomerates known as keiretsusâ€"were the causes of these economic gains. Chaebols and keiretsus are groups of independent companies operating in different markets with different products and services but under common administrative and monetary controls. The groups depend on each other for leadership, human resources, and R&D functions, and are extremely important to the economies of their respective countries. The chaebols are impute with the rapid study of the Korean economy after the Korean war and the keiretsus are credited with the tremendous economic growth of Japan after World War II. Although a number of researchers have examined these business groups, none have addd in-depth comparisons of them, especially in light of the recent Asian financial woes. Since June 1997, Asia has been enveloped in a severe economic crisis, with widespread bank failures and familiarity bankruptcies.

This crisis is unprecedented in a region w present most of the governments were accustomed to operating in environments characterized by fiscal balance, low inflation rates, and low levels of unemployment. In conducting a systematic comparison of these two groups, our aim here is to answer the following questions: 1. Why are most observers affirmatory about Koreas ability to recover quickly from the economic crisis, whereas few opine that Japan will be able to do the aforementioned(prenominal)? 2. What features of the Korean business groups permit them to respond faster than the Japanese groups during generation of financial crisis? 3. What is the relationship between the government and these business groups? To provide some insight into these two groups,... If you want to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!