Successful Approach to Development of Korea and Japan Term Paper

Successful Approach to Development of Korea and Japan - Term Paper Example The paper will generally concentrate on how the two countries; Japan and Korea are similar in their development and how they differ too. Korea has experienced late industrialization as compared to Japan. This is so because it was colonized by Japan from 1910 to 1945. The economic development was definitely influenced by Japan as they left them with some knowledge on how to carry out specific economic development methods. Many scholars and policy makers have seen the need to study Korea and Japan but their main focus is on the economic side only. This is to find out how the two giant economies have managed to grow rapidly over the years. The colonial rule by the Japanese was a great influence on the labor structure of Korea despite all other economic factors. Japan passed on to Korea skilled labor. The importance of skilled labor in uplifting the economic status of a country comes in when there is proper utilization of raw materials thus increase in the rate of production. This simply means that there will be no wastage of raw materials as the human resources know how to carry out specific activities while using the r aw materials. More so, because of specialization and perfect knowledge of a particular activity, an individual increases his or her number of goods produced. This meets the demand of the specific good or service by the general public. Moreover, there is always an addition for exporting (Alice, chapter 1 and 13). In addition, the Onada Cement plant of Japan had put up five branches in Korea and ten in Japan. The study of the workers in this palnt revealed that they were very skilled and this led to the province of South Pyongyang being one of the richest in Korea. Though Koreans were experiencing oppression by the Japanese due to colonization, they did gain modernity as Japan introduced them to new industrial methods. Japan had found cheap labor in Korea while they were colonizing