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):
- "Rule of Law (property rights, government integrity, judicial effectiveness)
- Government Size (government spending, tax burden, fiscal health)
- Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
- 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
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.
to Urban Economics, Malden Mass.
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