Trade between Turkey and Japan Order Instructions: For this assignment, you are to analyze the different economic opportunities in Japan and Turkey.

Imagine your company produces a hybrid scooter that is suddenly popular because it uses solar energy exclusively and can hold a charge for more than one week or 1,000 miles. This affordable transportation alternative appeals to women and men of all ages. You are responsible for hiring a sales representative for this company. Your sales representative will be introducing the product to these new markets (Japan and Turkey), but keep in mind that the product is known through television and other media. The initial tasks for this sales representative will be to set up offices in your selected country, create marketing materials appropriate to their home culture, and negotiate contracts with appropriate dealerships in their market.
Make a recommendation to your management team that demonstrates your analysis of different economic opportunities for Japan and Turkey. You may want to refer to The World Factbook for more demographics information.
Address the following in your paper:
• Compare the market for this product in Japan and Turkey.
• Compare the data on age, economy, labor, literacy, and unemployment rate for Japan and Turkey. How do these findings affect your company’s ability to attract talent there?
• Out of Japan and Turkey, which is more likely to have an employee base with the skill sets necessary for your industry?
Japan
• Bering Guides. (2003). Business travel in Japan. Lindon, UT: Axiom Press.
• Going Global. (2013). Going global career and employment resource guide for Japan. Japan Career Guide, 1–137.
• IHS Global. (2014). Country reports: Country outlook: Economic – Japan. Japan Country Monitor, 1–14.
• World Trade Press. (2010). Japan: Society and culture. Petaluma, CA: Author.
Turkey
• Business Monitor International. (2014). Turkey business forecast report, (3), 1–47.
• World Trade Press. (2010). Turkey: Society and culture. Petaluma, CA: Author.
• World Trade Press. (2010). Turkey: Women in culture, business, and travel. Petaluma, CA: Author.

Trade between Turkey and Japan Sample Answer

Introduction

Trade relations between Japan and Turkey have evolved since the 19th century. In the 1980s, sources assert that a consortium of Japanese firms constructed a bridge that connected Asia and Europe. Through this, the Japanese companies began making partnerships with the Turkish conglomerates and provided loans and investment opportunities for the Turkish. Today, the trade markets and economic relations between these two countries have immensely evolved. Some of the multinational companies have found internationalized markets in these countries (Eece, 2014). Direct investments amid Japan and Turkey the two have also considerably increased with both the country entering into negotiations for a Free Trade Partnership Agreement.

Turkey’s economy is dominated by a blend of traditional craftsmanship and modern industrial companies with the latter dominating the market. The country also has a rapid growing mainly experienced in the private sector ventures. On the other hand, Japan is experiencing a steady and first growing economy with the private sector businesses thriving well in the market. New companies are created with the existing ones experiencing growth levels. This depicts the growth levels of the economy of this country (Eece, 2014). This paper, therefore, seeks to investigate the different economic opportunities in Japan and Turkey.

Trade between Turkey and Japan and Compare the market for this product in Japan and Turkey

Although Japan and Turkey are considered as growing nations, it is significant to realize that Japans economic growth supersedes Turkey’s growth, with the GDP per capita also registering higher. Japan. With the huge population rate of Turkey, it is important to note that there would be a shift in the economy since the demographic dividend gives Turkey an advantage. Japan’s largest age group tends to be higher as compared to that of Turkey (Komine, & Kabe, 2009). Most of these persons between these age groups have gone through higher education with a big number of this population working actively.

Turkey’s economy is however bound to grow at an alarming rate a factor that will have an impact on the market trends. When Turkey overcomes the challenges in education, unemployment, and labor markets, the long-term economic health of the country would be improved. With this is taken into consideration, it is important to notice that for this business to find a base in the market, both the markets would be favorable for the business (Komine, & Kabe, 2009). Considering the target audiences within these countries, it is important to point out the largest client base will be on the youth and women who hold the most significant part of the population in both the countries.

Trade between Turkey and Japan and Compare of the Data between the two Countries

According to sources, the unemployment rates in Japan have over time decreased by up to 3.40 percent from February this year. The unemployment rate in the country also stood out at 2.72 percent as per the statements from the relevant authorities in the country (Kotha, Zheng, & George, 2011). In terms of employment, close to 71 percent of the population group aged between 15 to 64 in Japan have fully paid up jobs. 80% of men in Japan are in fully paid work, as compared to 61% of women in the country. It is also crucial to note that people in Japan work 1145 hours in a year since the employment rates are generally higher for people who have gone through higher education. It is also estimated that 81%of the individuals who undergo tertiary education have better-paying jobs as compared to those without upper secondary education.

On the other hand, as at 2012, Turkey had a population of close to 80 million people with the median age of 28.8 years. This makes the country the most populated in the world. The rate of unemployment seems high especially in the rural areas. The percentages of unemployment in the country are considerably higher than the national average (Kotha, Zheng, & George, 2011). Close to 70% of the country’s population is made up of women and the youths. Education remains the backbone of the growth of the country, with close to 75% of the country’s population working.

Considering the outcomes of the data provided in this section, it is important to realize that for the scooter business to yield the expected results, there are factors that should be considered. Business need to plan for the massive impacts that are caused by the demographics of a country since they determine how customers behave.  An organization that fails to understand the demographics of a country is bound to fail in, market venture. However, those organizations that understand the demographical shifts may take over the markets to a large extent. According to the data provided, the scooters would be a cost effective transport utility for many of the populations in the two countries (Kotha, Zheng, & George, 2011). However, the sales of the scooters depend on the particular target audience. Since Japan is heavily populated with women and the youths, this business would thrive so well in the market. Ages of the target audience also determine the strength of the marketplace.

Trade between Turkey and Japan Conclusion

Japan remains the most influential country that can form a base for our company in the employment sector. Since the company is a fast-growing economy in the digital world, an increase in demand for skilled workers is, therefore, one of the fundamental aspects that our company would consider. The country has a growing trend in the digital marketing literacy, a factor that makes the workforce in Japan efficient in service. The countries growing market is also a factor that our company will consider in reaching the target market.

Trade between Turkey and Japan References

Eece, D. J. (2014). The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms. Academy Of Management Perspectives, 28(4), 328-352.

Komine, T., & Kabe, S. (2009). Long-Term Forecast of the Demographic Transition in Japan and Asia. Asian Economic Policy Review, 4(1), 19-38.

Kotha, R., Zheng, Y., & George, G. (2011). Entry into new niches: the effects of firm age and the expansion of technological capabilities on innovative output and impact. Strategic Management Journal, 32(9)