Lessons From the Recession

Lessons From the Recession

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This book explores the differential effects of recession on public and private sector organizations in America, Europe, and Asia. In America, the last recession led private sector firms to lower their break-even points and the government to seek new sources of tax revenue. In Europe, both the public and private sector organizations focused on the outflow of jobs and the rise in unemployment due to high labor costs, high public support program costs, and the failure of the European Community to become a Common Market. In Asia, Japan underwent a large emigration of production offshore due to the high yen to dollar ratio, a lengthy recession, and a massive government aid program which failed. In Australia and China, the economies recovered from recession and both public and private sector organizations have designed new strategies to keep the economy moving.how Toyota did it, and then they attempted to imitate the Kaban and Kaisan system. ... Toyota market shares dropped in both markets (Taylor, 1993:79). ... In August 1995 with the yen at 100 to 1 against the American dollar, a Toyota Camry sold for $22, 000 dollars, while a comparably equipped Taurus sold for $17, 000, $5, 000 less ... Toyota was confronted with three choices in responding to this problem.

Title:Lessons From the Recession
Author:Sarah Sanderson King, Donald P. Cushman
Publisher:SUNY Press - 1997


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