🚀 go-pugleaf

In article <01be3e8d$de4f4380$894accd1@default>,
  "TOMofSNJ" <tomofsnj@aol.com> wrote:
> yoshi5679@my-dejanews.com wrote in article
> <77ftu3$42j$1@nnrp1.dejanews.com>...
> > In article <01be3c9b$d388ade0$f448ccd1@default>,
> >   "TOMofSNJ" <tomofsnj@aol.com> wrote:
> >
> > (snip..)
> >
> > > W.W.II.  Do you think now that the post baby boomers of Japan are
> looking
> > > to retire that the government of Japan plans on destroying the basic
> > > nature of their economy which is exploiting world trade  for their
> > > benefit?
> > >
> >
> > Huh??  exploiting world trade for their benefit??
> >
> > Japan exports only 14% of her gross products, which is the second lowest
> > in the developed countries, following the U.S.

<snip...>

> Japan INC has also has set up a manufacturing in Mexico.   When you have
> an economy as large as Japan, 14 percent is a very big number.  The U.S.
> is a major exporter of raw materials while Japan exports manufacture
> goods.   You should take in consideration the size of the economies when
> you take about how low their percentage happens to be.

If you limit the scope to manufacture goods, exports of Japan was less than
7 % of its GNP (in 1990 - sorry for a bit old data, I do not have recent one).
It's still big, as you rightly pointed out. However, if we take some benchmark
with size of economy in consideration, Germany, the 3rd biggest market
economy, exported manufacture goods which was more than 24% of its GNP
in the same period. Given that Japan needs to almost fully depend on import
for raw materials, thus needs to earn foreign currencies for them, the figure
does not seem to be very much unreasonable (of course, in my personal view).


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