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WhyareAsianeconomiescompetitive?
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Figure2.StageofdevelopmentinJapanonthebackgroundofinnovationdriveneconomies
Source:GlobalCompetitivenessReport2010/2011,WorldEconomicForum,Geneva2011,p.196.
TheJapaneseeconomyseemstobedoingwellincomparisonwiththeremaining
economiesofthisgroup,exceptformacrostabilization.Inflationisnothighbutthe
evaluationistakingintoaccountthesizeofthebudgetdeficitaswellasthepublic
debt.Thisfieldbecomesalsoproblematicforanumberofdevelopedeconomieslike
Greece,Spain,Ireland,Portugal,Italy.Thestimulationpoliciesappliedinmostofthe
developedeconomieshaverevealedthefragilityofthebudgetconsolidationpolicies,
whichwerepracticedearlier.JapansuffersfromarelativelysmallinflowofFDI.
ThetenfeaturesoftheJapaneseeconomy,whicharementionedbybusinessas
discouragingtheiractivitiesembrace:policyinstability,taxrates,taxregulations,
