Finance, Forex and Investments

Why is Japan and China not to say India doing do well but not the US when comes to the economy?

Should we move to Japan ,China or India for work? Why are they building so many office buildings ,factories and warehouses every day? Why souch a economic boom ?

Public Comments

1. I don't know about China and India, but I do know that Japan is struggling as much as we are financially. Perhaps you should check your facts.
2. First things first. FIX YOUR GRAMMAR!!! I got the jist of what you were saying immediately but it took me like 2 minutes to completely understand what you were trying to ask! I'm not trying to make you feel bad, but come on. You want people to understand you. Anyway, Japan is doing much worse than us. They're in full blown depression. The BRIC countries (Brazil, Russia, India, and China) are growing way faster than us, but their economies are still hardly rivals to ours. Their livings are much worse. Plus, they've been benefiting from the global economic boom of 2003-2008, but know starting to show signs of stress.
3. DID YOU KNOW THAT CHINA AND INDIA WERE THE MAJOR ECONOMIES MAKING OVER 50% OF WORLDS GDP BEFORE THE INDUSTRIAL REVOLUTION AND COLONIAL EXPLOITATIOIN!?! ONE DAY PEOPLE WILL BE TRYING TO GET ILLEGALLY INTO CHINA, INDIA, BRAZIL, RUSSIA, MEXICO ETC!
4. Europe, China and India are in the same classroom. China and India used to do so much better. Then Europe came up with a brilliant studying method of Industrial Revolution and overtook China and India for a couple of centuries. Now China and India have learned the method as well, and their grade is just picking up, its natural that they become the best students again. Same in real life.
5. I can only speak for Japan since I'm there. Japan is no better than the US economy-wise. Japanese TV news say "we are left behind, let's blame the government", at the same time, American TVs are saying "we are behind Europe and Asia, let's blame Obama". Japanese economy is hugely reliant on exports. That means its recovery comes only after the consumptions in the US, Asia and Europe are back on speed. And it looks like to me that the recession proof companies are all in the US, Google, Apple, McDonald's, Walmart, Costco to name a few. As for the employment, the way Japan measures unemployment rate (now 6%) is different from the US. We only count the cases filed for the unemployment insurance. People like my little brother, self employed or doing contract works, don't even have the insurance. The effective employment rate is probably the same around 10+%. People who kept their jobs are taking pay cuts up to 30-40%. It's tougher on job seekers over 35 here because we legally discriminate ages. Reportedly, China's current growth is by large pushed by the extravagant government spending. It's not certain if that is sustainable until the real recovery.