LendingInstitutions, Health Care, and Human Capital
Lendinginstitutions, health care, and human capital
Good health is the dream and desire of every nation in the world.Good health keeps the people healthy and productive in that they canuse their energy to facilitate production process which may lead tothe growth of their economies. Various countries go to an extra mileto borrow finance from international lending institutions so as toinvest more in good health and improve the working conditions of thepeople. Many believe that good health is the core foundation of anyeconomic growth in a country. The research paper analyses the impactsof the international financial funds on the social, economic andpolitical development.
The health growth of a country is economy largely depends on theproper health of the inhabitants. The international lendingfacilities like the IMF and the World Bank plays the key role inensuring most of the developing countries have developedeconomically, socially and politically. Japan is one of the mostdeveloped countries in Asia. Japan ranks position three as the mostdeveloped country in the world. The end of the Second World Warmarked the turning point of Japan and the growth of its economy. It’sbelieved that since then, Japan has experienced massive growthregarding economic development. During the Second World War, Japanwas significantly affected in that its economy went down drasticallyafter being hit several times by the rivals. The end of the world warchanged the country for good in that most of its key economic sectorsimproved. The living standard improved and the gross national productincreased by around 2.2 percent this year[ CITATION Jon16 l 1033 ].
The International Monetary Fund and the World Bank contributedgreatly to the immense growth of the economy in Japan. Immediatelyafter the Second World War, the World Bank and the InternationalMonetary Fund organization helped Japan recover its decliningeconomy[ CITATION Tra15 l 1033 ]. The financial institutionsinvested heavily in the country. Infrastructure is one of the keyareas that were financed heavily. For example, they financed theconstruction of the Shinkansen railway system in the region that hasseen the economy of Japan rise tremendously. Despite the small sizeof Japan, the country is said to be the third trending nation in theworld regarding developed countries from the USA and the People’sRepublic of China.
The primary economic sector that has seen Japan grow is themanufacturing industry. It is believed that Japan does not have goodland that can support agriculture in the region. The main crop theland can support in the region is rice, and they import some otherfoodstuffs as supplements from other countries[ CITATION Ant161 l 1033 ].Some of the areas in the manufacturing sector that Japan has enjoyedmost in its success include optical media, optical fibers,automobile manufacturing and many others fields.
To maintain the high economy, the country has invested a lot in keysectors in the country. The key sectors include infrastructure andthe energy sector. They have ensured that there is good transportsystem in the region, for example, the railway lines and roads toease the problem of transport in the region[ CITATION Jod16 l 1033 ].They have also invested a lot in other alternative source of energyto avoid depending foreign fossil fuels from other countries much asthe main source of energy.
The economic prosperity can be directly equated to the good health ofits people. The country is said to offer the best qualities of healthservices to its people. It has taken the initiative to invest heavilyin this sector and make it accessible to everybody through the use ofthe medical cover such as the National Medical Insurance cover[ CITATION Pet15 l 1033 ].Free access has improved the health of many people making them moreproductive to accelerate the development of their economy. In fact,Japan is said to exhibit highest life expectancy in the continentwith low mortality rates. Cases of diseases are very rare here.
The roles of the World Bank and the International Monetary Fund willalways be remembered in Japan. History tells that Japan joined theIMF immediately after the Second World War. During this time theJapanese economy was deteriorating completely, but the World Bankcame to aid at the right time. Now Japan is one of the countries withthe best economy in the whole world and the second country with a lotof shares with the international monetary fund. Japan’s greatachievements have enabled the country to play active roles in theworld economic affairs. The country has shown good leadershipqualities in streamlining fund policies especially among thedeveloping nations in the world.
In conclusion, the international lending institution, health care,and human capital have played a great role in the social, economicand political development of Japan. Japan right now enjoys the besteconomies as compared to other countries after fifty years ofstruggle and hard work to revive by then the failing economy. Thehealthy sector must be remembered as one of the basic key facts thatsaw Japan advance economically. Finally, Japan developed a stablegovernment that took a great initiative in development bothregionally and internationally. Right now Japan enjoys good economyand has taken the same role through the help of World Bank and theinternational monetary funds to assist the developing countries toimprove their economies.
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