I got full mark and I'm so happy, thanks to you all :)
Ronbee, your imagination is big can I say that!! Or there are different expressions
this is the last revised eassy
Economics in Bahrain and Japan
Are we going to have a balanced scale when we put Bahrain and Japan on it? Can Japan and Bahrain be successfully economically collaborated to each other? Once we hear the word "Japan", our mind will directly recognize that Japan is one of the largest economies in the world and is the leader in the technology and machinery area. "Japan is the world's second-largest economy" by real GDP (gross domestic product), by nominal GDP and by market exchange rates. Bahrain is a small kingdom not well known to other nations. In fact, there are two differences and two similarities between Bahrain and Japan.
When we come to considering differences, what is the most notable is the resource of their economy. Even though Japan is powerful in industry, it imports the raw materials from other countries, while on the other side Bahrain exports its resources. For example, its oil, which is the most valuable resource and the power of its economy. Moreover, the workforce of Japan in their economy is largely native, because the locals have the priority in their economy, whereas the workforce in Bahrain is largely people who come from the poor countries such as India, who will accept lower wages than the local workers.
Bahrain and Japan share two main similarities despite the differences. First of all, both Bahrain and Japan in the past went through crises that played a role in their economy. Japan entered the 2nd World War and ended with huge damage, Bahrain faced an oil crisis in the Gulf War. Even so, both Bahrain and Japan recovered and continued to develop their economy in a better way than before. A Free Trade Agreement (FTA) was adopted by Japan for strengthening the weak sectors in their economy. Bahrain followed this policy in an agreement with the USA.
When we compare the economy in both Bahrain and Japan, we find that they differ in their imports and exports and also in their workforce. At the same time, Bahrain and Japan have a similar economic policy (FTA), and both went through hard crises in their economy. These similarities and differences play a major role in defining the relationship between these countries. The economics of Japan and the economics of Bahrain have many differences, but they also have much in common, and I believe that Bahrain and can collaborate successfully in many economic areas.