Economic strengths and weaknesses? I see. Both economies are strong in some ways and weak in others, I tend to think. On the one hand, Japan had a very strong manufacturing sector in the past, when electronics and cars in particular were produced and exported in large numbers. On the other hand, the same industries in the U.S. were also very strong in the same period. Having said that, both countries have seen their manufacturing base shrink in more recent years, and this is probably connected to the rise of the other Asian economies such as China, which are now growing at a fast pace and taking over the markets. A good case in point is that China is now the biggest manufacturer of automobiles in the world. However, the financial market in the U.S. is very strong because, as you know, the U.S. is a bigger economy overall. I’d say the tech sector is probably stronger in Japan at present, though. In the future, I think decreasing populations and competition from developing countries will affect both countries, but I think that the economies are strong enough to adapt and survive in the global marketplace.
What are the relative economic strengths and weaknesses of your country and the United States?
Question source
Model Answer
Level
Question Type
Topic