[-AI-3.5]What do British economists think, while Japanese economists believe that the decline in productivity is causing the economic downturn?

Abstract

日本の経済学者たちは、生産性の低下が日本の経済減速の原因であると心配しています。一方で、私は創造性の影響力を信じています。創造力と経済の関係は生産性とは異なります。今後、このテーマを深く掘り下げ、その理由を説明することを楽しみにしています。日本の経済学者の見解では、過剰規制と保護主義が、日本企業の効率を低下させ、新しい競争産業を開発できなくしたと主張するものがいます。また、高齢化と人口減少も、厳しい労働市場に結びつき、生産性の低下につながっています。しかし、これだけが全体のストーリーではありません。日本の経済成長には創造力も必要です。過去に、高い経済成長期には、生産性の低下にもかかわらず、創造産業が発展しました。これは、生産性と創造力の関係が必ずしも負のものではないことを示唆しています。さらに、創造力は新しい産業とマーケットを生み出す力ともなっています。ビジネスの変化や技術革新などの要因に対して、創造力を持った企業が必要な時代になっています。したがって、創造力は将来の経済的成功にとって不可欠な要素となるでしょう。英国の経済学者の見解では、生産性よりも創造性と経済成長の関係が強く影響します。しかし、日本の経済学者たちは、生産性の低下が経済の衰退の原因であると主張していますが、現代経済をこの単純な解釈で説明できるでしょうか。創造力が経済成長に与える影響は計り知れません。優れた人材が自由に能力を発揮できる環境が作られると、経済は成長すると強く信じられています。多種多様なビジネス形態の開発や新しいアイデアの考察は、創造力が芽生える環境の発展とリンクしています。創造力を使うことによって、マーケットやビジネスはより多様で競争力のあるものになります。創造性が経済成長にとって敵であると見なす人もいるが、これはただの神話であると私たちは信じています。

Table of contents

• Introduction
• Views of Japanese economists
• Views of British economists
• Relationship between creativity and economy
• Relationship between productivity decline and creativity
• Economic utilization of creativity
• Conclusion

-- CAUTION

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Introduction

Japanese economists are worried about the decline in productivity causing Japan’s economic downturn. On the other hand, I believe in the influence of creativity. The relationship between creativity and the economy is different from productivity. I am looking forward to exploring this topic in depth and telling you the reasons for it.

The view of Japanese economists

Some Japanese economists argue that the recent economic situation is due to a decline in productivity. They believe that excessive regulation and protectionism over the years have caused Japanese companies to lose their efficiency and fail to develop new, competitive industries. Additionally, aging and declining population have also resulted in a tough labour market, contributing to a decrease in productivity.

However, this is not the whole story. Japan’s economic growth requires creative power as well. In the past, during the high economic growth period, creative industries developed despite the decline in productivity. This suggests that the relationship between productivity and creativity is not necessarily negative.

Moreover, creativity also works as a force that creates new industries and markets. Factors such as business changes and technological innovations demand a creative approach from companies in this era. Therefore, creative power will be an essential element for economic success in the future.

The view of British economists

The relationship between creativity and economic growth has a stronger impact than productivity. However, Japanese economists argue that a decline in productivity is the cause of economic decline, but can the modern economy be explained by this simple interpretation?

The impact of creativity on economic growth is immeasurable. We are convinced that if an environment is created where talented people can express and demonstrate their abilities freely, the economy will grow. The development of diverse business forms and contemplation of new ideas is linked to the development of an environment where creativity can flourish. The use of creativity makes markets and businesses more diverse and competitive.

The relationship between creativity and economic growth is deeper than we think. Economists like us believe that it is necessary to create an environment that can create new industries such as creative and cultural industries. In these industries, it is important to focus on developing talent, discovering talented people and focusing on their ideas and mindset. As a result, the growth of creative and cultural industries will drive economic growth.

Despite this, people still see creativity as an enemy of economic growth. This is just a myth. We believe that it is necessary to emphasize creativity more than productivity to develop society and the economy. School education and business education that focuses on productivity are outdated and only lead to monotony and regulation. A creative mind is the most essential thing in modern society, and by truly developing it, we can create a more diverse economy.

Creative and economic relationship

The thinking of British economists seems to be significantly different from that of Japan. They believe that creativity, rather than productivity, is closely related to economic growth. So, how does creativity promote economic growth? According to a scientific approach, using creativity enhances brain activity, giving people the power to generate new ideas. This helps in promoting the development of new businesses and technologies.

One example is the creative industry, which is an industry that engages in creative activities such as art, cultural works, films, music, etc. The creative industry is seen as being at the forefront of economic growth and by developing this industry, economic growth can be promoted.

It is also believed that the development of creative industries can also vitalize regional economies. For example, by using the cultural heritage of a region and holding various events, the regional economy can be revitalized.

Recently, there has been a focus on creative activities in Japan. However, Japanese economists believe that the decline in productivity is causing the economy to deteriorate and effective measures need to be taken to address this. The thinking of British economists shows that promoting creativity in Japan can lead to economic growth.

Although there are theories that suggest productivity is important, the idea that nurturing creativity is essential for economic growth is gaining ground. It is important to remember that a decline in productivity does not necessarily have to be negative, and therefore creating an environment that nurtures creativity is necessary.

The relationship between productivity decline and creativity

The reasons why productivity decline stimulates creativity, and the relationship between productivity decline and creativity in Japan during the period of high economic growth.

The driving force behind economic growth - higher productivity or new ideas and technological innovation? Those who ponder this question and those who make us laugh seem to be focusing on the latter these days. It is true that productivity increased during Japan’s period of high economic growth, but then it reached a point where it couldn’t go any higher. Therefore, there is a theory that the impact of new creativity on economic growth is greater than that of improved productivity.

Apparently, if you get too wrapped up in the idea that good productivity is synonymous with high productivity, creativity will dry up. In Japan, it seems that the creativity of company employees was suppressed by the rise in productivity. On the other hand, if productivity declines, people have more free time and possibilities outside of work, which can foster creativity. So, it may be wasteful to only consider productivity when thinking about the economy.

The economic utilization of creativity

We must recognize the significant impact that the growth of the creative industry has on the economy. The creative industry is a type of industry that originates from art and culture, and generates added value by utilizing creativity. This industry can offer unique products and services, and can also demonstrate competitiveness in the global market. Additionally, the creative industry contributes greatly to local economies. As an example, revitalization of the region can be achieved by utilizing cultural tourist resources. Developing tourism resources by utilizing the cultural appeal of the region leads to improvement in the lives of the local residents and the creation of employment opportunities. Participation in the creative industry is not only limited to artists, designers, and creative professionals, but ordinary people can also participate. For instance, selling one’s own creations online is also possible. Nowadays, creative individuals can disseminate their ideas worldwide by utilizing tools such as SNS. Therefore, it is imperative to value creativity and utilize it to promote economic growth.

Conclusion

Creativity is necessary for economic growth, and a decline in productivity is not necessarily a bad thing. If a change in such values is necessary, then it is now.