pjm440 peer discussion responses 200 words each

Please reply to both POST1: (question from the professor) and POST2:


Original Post:

Contrast the following constructs underlying competitiveness and quality relative to the United States, Japan, and Germany: Cooperation, high-quality education, labor markets, training, empowerment, leadership, and teamwork.

POST1: (Question From the Professor)

For twenty-five years since 1994, the Index of Economic Freedom (IEE) has measured the impact of liberty and free markets globally. Economic freedom is a fundamental human right to manage your own labor and property. In economically free societies, governments permit labor, capital, and goods to move freely, and abstain from coercion or constraint of liberty excepting to protect and maintain liberty itself. IEE measures economic freedom departing from 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom (IEE):

  1. “Rule of Law (property rights, government integrity, judicial effectiveness)
  2. Government Size (government spending, tax burden, fiscal health)
  3. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
  4. Open Markets (trade freedom, investment freedom, financial freedom)” (IEE).

Considering that the USA is ranked 12, Germany 24, and Japan 30. How important do you think is Economic freedom to advance quality?

Regards.

Dr. Fernando Muniz

IEE. (2019). 2019 Index of Economic freedom. Retrieved on Jun 12, 2019, from https://www.heritage.org/index/ranking (Links to an external site.)

UNDP. (2019). United Nations Development Program: Education Index. Retrieved on Jun 12, 2019, from http://hdr.undp.org/en/content/education-index (Links to an external site.)Links to an external site. (Links to an external site.)

USNews. (2019). USNews: Quality of Life by Country. Retrieved on June 12, 2019, from https://www.usnews.com/news/best-countries/slideshows/top-10-countries-with-a-skilled-labor-force-ranked-by-perception?onepage

POST2:

Japan vs. US vs. Germany in Terms of Quality and Competitiveness

Japan, US, and Germany, have a few constructs that underlie their competitiveness and quality standards in their respective countries.

Competitively, Japan has an economic advantage in relation to their low funded military presence. As of late, their is still a relatively strong US military presence in Japan, and Japan has paid little for this. As a result, Japan has more funds available to invest in their quality of infrastructure and compete with more funds (Zeynalov, 2017). Their economic structure also is set up in a very intertwined way between business, government, and finances . As a result, resources from the government to businesses and vice versa can be transferred more streamlined, resulting in quick adaptation to the needs at the moment (Holliday, 2000). In terms of quality, they have a culture that has been based on mastery of their crafts for many generations, and as a result there is a low tolerance for failure (Nitobe, 2019). This high standard for excellence in their culture drives personnel from different industries to have a higher chance of motivation to excel in their work (de Brincat, 2014).

In terms of quality and competition, the US has a strong focus on education and skillwork. These factors together result in the US being the 5th highest education system in the world, according to the United Nations (Germany is 6th with Japan 17th) (W.E.M, 2019). Therefore, there is a higher amount of higher skilled personnel in the US compared to Japan and Germany, giving them an advantage in quality and competition (Connor, 2019). The U.S., however, due to the volume and amount of population, there is a volume of citizens that may experience a lower quality of life. This can be due to a variety of factors (Fontinelle, 2020).

In terms of Quality and Competition, Germany is not the strongest educationally of the three, although it is very close according to the United Nations (5th for U.S. and 6th for Germany) (W.E.F, 2019). However, an increase in the quality of life can give benefits to quality and competition standards in it’s country. Quality of life can be directly linked to higher longevity and higher productivity of their population, resulting in a competitive edge in quality and competition (Blomquist, 2006).

Blomquist, G.C. (2006), Measuring Quality of Life, in: R. Arnott and D. McMillen, A Companion
to Urban Economics, Malden Mass.

Connor, P., & Ruiz, N. G. (2019, December 30). Majority of Americans Support High-Skilled Immigration. Retrieved from https://www.pewresearch.org/global/2019/01/22/majo…

de Brincat, E. (2014). Quality Management in Micro Firms – Myth or Reality? A Maltese Micro Manufacturing Firm Under Review. Anchor.

Fontinelle, A. (2020, January 29). Standard of Living vs. Quality of Life: Whats the Difference? Retrieved from https://www.investopedia.com/articles/financial-th…

Holliday, Ian (September 2000). “Productivist Welfare Capitalism: Social Policy in East Asia”. Political Studies. 48 (4): 706–723. doi (Links to an external site.):10.1111/1467-9248.00279. ISSN (Links to an external site.) 0032-3217.

Nitobe, I., & Bennett, A. (2019). Bushido: The samurai code of Japan.

World Economic Forum. (2019). World Competitive Report. Retrieved on Jun 12, 2019, from http://reports.weforum.org/global-competitiveness-report-2018/

Zeynalov, Mahir (25 December 2017). “Defending Allies: Here is how much US Gains from Policing World”. The Globe Post. Retrieved 10 May 2018.

 

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