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Miraculous Growth and Stagnation in Post-War Japan (Routledge Studies in…
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Amazon.com Product Description (ISBN 0415615186, Hardcover)
This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation.
Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country’s peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development.
The relationship between various dimensions of its domestic policy experience and Japan’s international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.
(retrieved from Amazon Thu, 12 Mar 2015 18:15:07 -0400)
Sixty-five years have passed since the end of World War II. It is timely to reflect upon this short but curious Japanese economic history, beginning with the extreme hunger and poverty in the late 1940s, followed by quick recovery and "miraculous" growth since the late 1950s, to the first oil shock in 1972, slow growth in the reset of the 1970s and 1980s, and finally almost complete stagnation over the last two decades. This book attempts to make sense of Japan's economic history for these past sixty-five years.
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