Japan is currently facing a situation in which the relative scarcity of engineering talent is rising at all levels, as demand exceeds supply. In other words, there are simply not enough indigenous resources (i.e., new engineering graduates and advanced research programs based at universities) to meet the expected future demand for technical expertise within Japan. Japanese high-tech companies are already facing strategic technology fields where they can't develop enough indigenous talent within a reasonable time frame. This prevents or delays the mounting of effective autonomous development efforts
The "soft crisis" is a result of the Japanese software industry's boom in bumping off a fairly inelastic supply of software engineers. Japanese educational institutions have proven inadequate for the mission of increasing the software engineering supply. They continue to act as a bottleneck because Japanese universities are slow in reorienting their programs to new fields–if they can do so at all.
Japanese students are generally not involved in programs related to science and engineering. At the same time, Japanese universities do not respond to emerging technological fields ' changing requirements. Committed to programs relating to older technical fields, they were reluctant to extend their offerings in new technical fields. Combined, the reduced supply and the failure to move resources towards a teaching program related to software leaves Japanese companies in a real bind.
The reservoir of scientific and engineering talent is diminishing, institutional rigidity in the Japanese education system is inhibiting the supply of qualified recruits to Japanese companies. In particular, there are typically limits regarding the number of students admitted to the various disciplinary fields. Such quotas are the product of decisions made at leading universities by the Ministry of Education and the established engineering faculty. In fact, the Ministry of International Trade and Industry (MITI) has instituted measures to encourage the establishment of "information colleges" in an attempt to bypass these bottlenecks, with the goal of dramatically
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Demand and Supply in Labor Markets As the text suggests, the demand and supply model predicts that the new computer and communications technologies will raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain how this works using the four-step process.
Demand and Supply in Labor Markets As the text suggests, the demand and supply model predicts that the new computer and communications technologies will raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain how this works using the four-step process.
Questions 3-5 correspond with the US Market for Foreign Exchange with Japan, where the price of $ foreign exchange is dollars divided by yen (i.e.), and quantity is the quantity of yen. 3. In the U.S. market for foreign exchange with Japan, how is this market affected by an increase in exports (i.e. US exports to Japan)? a. increase in the demand for foreign exchange b. decrease in the demand for foreign exchange c. increase in the supply of foreign...
Demand and Supply in Labor Markets 8585 unread replies.8585 replies. As the text suggests, the demand and supply model predicts that the new computer and communications technologies will raise the pay of high-skill labor but reduce the pay of low-skill labor. Explain how this works using the four-step process
Identify in each of the situations who is affected (demand / supply) and how it affects (increases / decreases) : We have Identified in each of the situations who is affected (demand / supply) and how it affects (increases / decreases) : please illustrate in a graph how each situations are effected. So we are able to see it's visually the outcome. 3) FOR THE DISTRIBUTION OF A NEW GAS DRINK, 35 NEW PRODUCERS HAVE ENTERED THE MARKET. Offer Increase...
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The tables on the left below shows labor endowments of two countries, Korea and Japan, and their unit labor requirements for producing two goods, kimchi and such Korea Japan Labor 1000 500 Unit labor requirements Kimchi Sushi Draw the PPCs for both Korea and Japan assuming constant opportunity costs. Which country has an absolute advantage in producing kimchi? Sushi? Which country has the comparative advantage in producing kimchi? Sushi? In terms of kimchi, what is the range of prices for...