Multiple factors went into play before the Europeans claimed dominance over world trade routes and conquered vast lands outside Europe. With a particular interest in the fact that the Chinese boasted better navigation tools and sea vessels than the Portuguese and the Spanish did by the fifteenth century (World Shrinks17mins), the rise of the West benefited greatly from the lack of competition. In other words, if the Chinese had maintained their desire to show their military prowess to other nations, then the West would have taken longer if not failed to come into power. A view of the animated ...
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JAPAN’S LABOR MARKET Martin in a 2015 article reported the lack of workers was hobbling Japan’s growth. He noted that the aging workforce and education gaps coupled with immigration curbs stunted the economic development of the country. Although many nations may envy Japan’s 3.4% unemployment rate, it has caused the state problems, and it could have already led to a recession. The GDP has been shrinking over the years, and no remedies have helped the country regain economic growth. Loosening rules for the skilled workers to come to the country have not had any significant effects. ...
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