Review of socio - economic development of Japan: A g-20 nation

Socio-economic development means the state of continuous improvement in society through economic activity. The socio-economic development of any nation can be measured by indicators like GDP, life expectancy, health, education, employment & physical environment. This study aims to analyze the socio-economic development of Japan, a G-20 nation,by examining the performance of all key indicators over a span of 15 years. Japan is regarded as a unique Far East nation for its remarkable transformation from a backward agriculture based economy to the industrial technology rich nation Japan understood the importance of international integration and became a member of G-5 which later expanded to G-8 and present day G-20 regarded as the premier forum of international cooperation at economic front. In the process, Japan had to encounter great challenges but learning from the past when Japan experienced defeat in 1945 and setbacks in the mid-19th century, Japan eventually managed to emerge as a remarkably successful economy. This study reveals the state of economy and social indicators in Japan by reviewing the performance on key dimensions over the span of 15 years and conclusions have been drawn on the basis of analysis of data. Chief among these conclusions is the wide gender gap in employment, education sector especially less enrollment in tertiary education and carbon dioxide emissions from domestic consumption which has been maintained at a consistent rate.