Final answer:
Japan focuses on developing technological innovations to trade for the natural resources it lacks. This strategy complements Japan's historical focus on manufacturing to generate wealth, echoing the economic patterns of the Asian economic tigers. Japan's technological advancement sustains its global economic standing.
Step-by-step explanation:
Because of its lack of resources, Japan focuses on developing technological innovations that can be traded for natural resources. Japan has few natural resources of its own, which has necessitated a focus on technology. By concentrating on high-tech areas where it can be a world leader, such as in the automotive industry with well-known brands like Toyota and Honda, Japan encapsulates the economic principle of trading value-added goods produced through sophisticated manufacturing processes for the raw materials it lacks.
Historically, after a period of isolation, Japan embarked on a rapid process of industrialization, transforming itself from a semi-urban society with skilled artisans into the economic superpower of Asia. The industrialization propelled Japan's economy forward, allowing it to become a core economic country. This strategy was similar to that of the 'Asian economic tigers' such as Hong Kong and Taiwan, which also focused on manufacturing to generate wealth.
When it comes to international trade, Japan uses its economic power to engage meaningfully with other nations, including China, despite historical tensions as a colonizer in the region. Japan's ability to innovate in technology has sustained its position as a vital player in the global economy.