What strategies can Ernie Higa use to address the labor shortage problem? What the United States labor initiatives can be exported into Japan and why?

Can you guys help me on this? Thank you! Here is the question: Is it possible for a country's economy to be based entirely on services?  Here's my classmate's reply: No, a country can’t rely only on services for its economy. Even those focused on services still need farming, manufacturing, and imports for essential items like food and products. Relying solely on services could lead to trade issues and difficulties with global changes. For example, without manufacturing, a country would struggle to produce necessary goods like machinery or electronics. Imports become crucial to supply items not produced domestically. Additionally, a balance between services and goods helps manage economic risks and supports job creation across various sectors. This diverse approach allows for better adaptation to economic shifts and global market demands. Having both services and goods ensures long-term economic stability and growth. Can you provide feedback on my classmate's reply? Thank you!

In "Globalization and Its Effects", Pooch tells us the term "globalization" is as old as humans themselves. was coined by an economist in 1983. O is most frequently used in news reporting, but rarely used in scholarly publications.

It is sometimes easy to overlook the importance of productivity. National figures are often reported in the media. They may seem to be ho-hum; theres nothing glamorous about them to get our attention. But make no mistake; they are key economic indicatorsbarometers, if you will, that affect everybody. How?High productivity and high standard of living go hand-in-hand. If a country becomes more service-based, as the United States has become, some (but not all) high-productivity manufacturing jobs are replaced by lower-productivity service jobs. That makes it more difficult to support a high standard of living.Productivity levels are also important for industries and companies. For companies, a higher productivity relative to their competitors gives them a competitive advantage in the marketplace. With a higher productivity, they can afford to undercut competitors prices to gain market share, or charge the same prices but realize greater profits for an industry, higher relative…