Please reply to both POST1: (question from the professor) and POST2:

Original Post:

Contrast the following constructs underlying competitiveness and qualityrelative 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 EconomicFreedom (IEE) has measured the impact of liberty and free marketsglobally. Economic freedom is a fundamental human right to manage yourown labor and property. In economically free societies, governmentspermit labor, capital, and goods to move freely, and abstain fromcoercion or constraint of liberty excepting to protect and maintainliberty itself. IEE measures economic freedom departing from 12quantitative and qualitative factors, grouped into four broadcategories, or pillars, of economic freedom (IEE):

1. “Rule of Law (property rights, government integrity, judicial effectiveness)
2. Government Size (government spending, tax burden, fiscal health)
3. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
4. Open Markets (trade freedom, investment freedom, financial freedom)” (IEE).

Considering that the USA is ranked 12, Germany 24, andJapan 30. How important do you think is Economic freedom to advancequality?

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 theircompetitiveness and quality standards in their respective countries.

Competitively, Japan has an economic advantage in relation to theirlow funded military presence. As of late, their is still a relativelystrong US military presence in Japan, and Japan has paid little forthis. As a result, Japan has more funds available to invest in theirquality of infrastructure and compete with more funds (Zeynalov, 2017).Their economic structure also is set up in a very intertwined waybetween business, government, and finances . As a result, resourcesfrom the government to businesses and vice versa can be transferred morestreamlined, resulting in quick adaptation to the needs at the moment(Holliday, 2000). In terms of quality, they have a culture that hasbeen based on mastery of their crafts for many generations, and as aresult there is a low tolerance for failure (Nitobe, 2019). This highstandard for excellence in their culture drives personnel from differentindustries 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 oneducation and skillwork. These factors together result in the US beingthe 5th highest education system in the world, according to the UnitedNations (Germany is 6th with Japan 17th) (W.E.M, 2019). Therefore,there is a higher amount of higher skilled personnel in the US comparedto Japan and Germany, giving them an advantage in quality andcompetition (Connor, 2019). The U.S., however, due to the volume andamount of population, there is a volume of citizens that may experience alower quality of life. This can be due to a variety of factors(Fontinelle, 2020).

In terms of Quality and Competition, Germany is not the strongesteducationally of the three, although it is very close according to theUnited 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 qualityand competition standards in it’s country. Quality of life can bedirectly linked to higher longevity and higher productivity of theirpopulation, 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
to Urban Economics, Malden Mass.

Connor, P., & Ruiz, N. G. (2019, December 30). Majority ofAmericans Support High-Skilled Immigration. Retrieved fromhttps://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 ofLife: Whats the Difference? Retrieved fromhttps://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.