Japanese Automakers In The U.S. Economy

1334 words - 5 pages

Japanese Automakers in the U.S. Economy

Automobiles are the most frequently used form of transportation in the United

States and much of the world. Owning a vehicle is almost a necessity in modern society.

But when you go to buy a new vehicle, you are faced with the question "What should

I buy?" Foreign, most popular being Honda, Toyota and Nissan. Or domestic like Ford,

GM and Chrysler, also known as America's "Big Three." Should we feel guilty walking

into a local Honda dealership to buy a vehicle that is more reliable and efficient than it's

American competitor? Are we obligated to buy an American car simply to help support

the economy? Do Japanese automakers make a negative impact on the automotive

industry? No. In fact, Japanese automobiles and the many markets they support stimulate

the economy in many more ways than they weaken it. As you read on, I'm sure you

will understand why.

In the past, it was the United States who broke through the cultural barriers in

other lands and marketed our products and our culture. The products that we buy are

an important part of our popular culture. The spread of Coca-Cola, Levi's, and

McDonald's outside America symbolized the world's growing dependence and

acceptance of America (Kelman). Now, America is no longer just the internationalizer,

but also the internationalized(Kelman).

Intense competition from Asian auto manufacturers for a piece of the U.S market

has dramatically changed the way many cars are being built today. For one, cars are

being built with higher quality and efficiency with more selections for cheaper prices

from both U.S and Japanese car makers. Second, factories are becoming more efficient

and setting a new standard for U.S. factories to follow. Lastly, these Japanese auto

manufacturers are employing more than 50,000 people combined in their many factories

(Sesolak). Dealerships too, employ tens of thousands of Americans with jobs in sales,

maintenance and service. I can associate with this personally. I worked for Honda as a

parts counter professional for two years and my brother has been an automotive service

technician for almost four years now. It's a great company to work for. Even though

Hondas are some of the most popular cars in America, I can assure you that the other

automakers aren't going bankrupt. Foreign cars are simply better suited for todays youth

and marketed accordingly.

In a speech in Clevland on March 10, 2004 President Bush said "About

16,000 Ohioans work for Honda with good, high paying jobs, and that's not counting

the people who work at 165 different Ohio companies that supply Honda with parts

and material," Bush says "When politics in Washington attack trade for political reasons,

they dont mention these workers, or the 6.4 million other Americans who draw their

paychecks from foreign companies." These foreign...

Find Another Essay On Japanese Automakers in the U.S. Economy

The History and Future of Japanese Economy

3474 words - 14 pages IntroductionJapan, a small island, resource-poor country, has shown the world a dramatic success and failure story in its history. Japanese have been working so hard after experiencing a huge lose from World War II that they have become one of the world's most important exporting country. But right now, Japan is suffering the pain of economic problems more than ever. First of all there is brief analysis of Japan's economy for the period of last

The Current State of the U.S. Economy

632 words - 3 pages The Current State of the U.S. Economy The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming

Outsourcing: The Demise of the U.S Economy

1493 words - 6 pages Outsourcing: The Demise of the U.S Economy As many people around the nation are aware of, the nine to ten percent unemployment hike in a span of just 3 years (Fig. 1 U.S Bureau of Labor) is just tearing the United States economy from the inside out. Millions of people in the once mighty U.S work force are now barely making ends meet and thousands more are fighting a losing battle to keep a roof over their heads as the growing unemployment rate

American Manufacturing and the U.S Economy

723 words - 3 pages impact on everyone, in the U.S and overseas. Workers are being laid-off in great numbers, investors are losing much of the money they invested, the United States government is lending money to automakers and banks to keep them out of being completely bankrupt. There are different impacts for different stakeholders. For the United State’s economy to start working, jobs need to be created. As soon as the U.S economy is on the rise, there’s a good chance the manufacturing will be on the rise again as well, because there will be an increased demand for workers.

Current State of the U.S. Economy

1417 words - 6 pages , the largest one-month gain since the recession officially ended in November 2001. Unemployment has held steady at 6%. Economic growth leaped 7.2% in the third quarter, while worker productivity rose a remarkable 8.1%. The four-week moving average of initial applications for unemployment benefits dropped from 420,500 to 408,750. This improvement in the labor market could be an indication that the economy is strengthening. A recovery in the labor

The Japanese Economy today is one of the strongest in the world. Both fiscal and monetary policies have been used throughout the decades interfering in the economy

1531 words - 6 pages The Japanese Economy today is one of the strongest in the world. Only the United States has a higher gross national product (GNP). There is a 0% annual growth, and 2% inflation currently while the official currency is the yen. Over the years there have been many different cycles in the Japanese Economy regarding both fiscal and monetary policies. This is seen internally, within the economy of Japan, and in its relationships with other countries

A More Perfect Union: Japanese Americans and the U.S. Constitution

2290 words - 9 pages U.S. citizenship are all clear in the minds of the museum goers as they proceed to the next section. The second section of the exhibit contains information on the immigration and assimilation of the Japanese into the culture of the West Coast and Hawaii. This area shows how the first generation of immigrants, or issei, traveled over the Pacific to an entirely new nation and society. Many soon became citizens and a true part of the American

U.S. Policy Response to Japanese Claims over the Islands

807 words - 4 pages Cooperation and Security (Jiji Press English News Service, 2012). Hence, the United States has to support Japan with their territorial claims. In 2010, Washington expressed its extended support to the Japanese administration after Chinese trawlers rammed a Japanese vessel (Godement, 2011: 14). They affirmed their commitment of alliance through the strengthening their military ties as the U.S. saw that China’s rising power had resulted into a

Can the US learn from the Japanese Economy?

1523 words - 6 pages the time.That said, by no means do I condemn what the Japanese have been doing for the past forty years. I think as Fallows notes, first and foremost it is important to recognize the differences between the values of American and Japanese culture. In America the purpose of the economy is as mentioned above: to improve ones standard of living. In Japan it is drastically different and is used to improve national strength (Fallows 8). America trusts

Japanese Economy: The Burst of the Asset Bubble

1411 words - 6 pages attempt through similar methods, in addition to an increased consumption tax rate. The Japanese governments first attempt at stopping the deflationary spiral was through decreasing its interest rates. In 2000 the Bank of Japan initiated ZIRP, or Zero Interest Rate Policy. It was cancelled it later that year, but was reinstated a year later in 2001. This policy brought interest rates down to near 0% as an attempt to restart the economy. This restart

The japanese economy and where it gets its capital from

1310 words - 5 pages early 1600's, however, the rulers of Japan decided to cut the country's ties with the rest of the world. They wanted to keep Japan free from outside influences. Japan's isolation lasted until 1853, when Commodore Matthew C. Perry of the United States sailed his warships into Tokyo Bay. As a result of Perry's show of force, Japan agreed in 1854 to open two ports to U.S. trade.During the 1870's, the Japanese government began a major drive to revise

Similar Essays

The Effects Of Immigration In The U.S. Economy

3185 words - 13 pages out, it reflected the serious concerns of some Americans. During the 1870’s, the U.S. economy suffered a depression while that of Germany and United Kingdom improved. German and British immigration to the United States then decreased. Arrivals came from Norway, Sweden, Denmark, China, Canada, and southern and eastern Europe. In 1875, the United States passed its first restrictive immigration law. It prevented convicts and prostitutes from

The Role Of Money In The U.S. Economy

2453 words - 10 pages The Role of Money in the U.S. Economy If you ask the average person what money is, you are undoubtedly going to receive some very strange looks. Money is a concept that many people take for granted. We know that money allows us to acquire goods and services, but what is its source of value? Money is paper, which is for all practical purposes; no different than the paper this text is written on. How then would anyone in his or her right mind

The U.S. Dollar In A Modern Global Economy

1156 words - 5 pages The U.S. Dollar - PAGE 1 - The U.S. Dollarin a Modern Global Economy(1)ECONYour UniversityThe 'Almighty Dollar'! Given the state of our current economy, that statement holds far less true than it did twenty, ten, or even five years ago. The dollar has slipped and slid and gradually fallen with consistency for the past five-plus years, save for a negligible stint of appreciation in 2005. The emergence of the 'global economy' in the late

The U.S. Free Enterprise Economy Essay

790 words - 3 pages . People will also be affected, when you have less money you spend and buy less due to increased prices which can causes problems in the economy such as a recession or worse a depression. Budget Deficit calls for the government to let cost exceed national income and use of monetary policy to jump start the economy. The government must be careful when choosing the best way to build the economy up. If the policies fail, they can lead the nation into many problems as stated above. This is why regulating money, trade, and the economy is an important part in government tasks. In the end, citizens want the best policy to promote the U.S. into a stabile and secure economy.
Лазерные дальномеры | J60 Gaming Keyboard Mouse Combo Anti-ghosting Adjustable DPI Colorful Backlit | Quanzhi Fashi