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Japan's Economic Success through International Trade

Learn about Japan's major imports and exports, their impact on trade balance, and the development of heavy industry. Understand the industrial miracle in Japan through favorable trade practices. Discover the factors behind Japan's economic success.

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Japan's Economic Success through International Trade

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  1. Economic factor – Favourable international trade • Refer to Textbook 3B p. 65, 96,106, 49,50. • Guiding questions: • 1. What are the major imports of Japan? What are the prices of them? • 2. What are the major exports of Japan? What are the prices of them? • 3. In terms of your answers in (1) and (2), estimate whether Japan has a gain / a loss in the international trade. Hence, how does this affect the development of heavy industry in Japan?

  2. Consider the above questions. • What is the factor behind the industrial miracle in Japan? • Your group’s idea: • The major imports of Japan are oil, coal, copper and iron ores. The prices of them are cheap. • The major exports of Japan are cars, motor cycles, ships and electrical appliances. The prices of them are expensive. • Japan has a gain in the international trade. It is because Japan mainly exports manufactured goods and imports primary products. Since the value of manufactured goods is much higher than that of primary products, it usually has a Favourable trade balance. • Group members: • Lam Ho Yin (　林浩然　) F.3 (Ｂ)(２４) • Cheng Tsz Lung (　鄭梓龍　) F.3 (Ｂ)(１１) • Lam Wai Ho (　林煒豪　) F.3 (Ｂ)(２７) • Ching Yuk Hang (　程旭鏗　) F.3 (Ｂ)(１３) • Tsang Wai Lok (　曾偉樂　) F.3 (Ｂ)(３７)

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