The Japanese economic system, while uniquely suited to spur rapid economic growth during the miracle period, did not mesh with the changed economic realities that had emerged and become established by the last decade of the 20th century. 1 It is also possible to assert, however, and this is the perspective taken in the present paper, that not only is the above perception of the Japanese.
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There have a number of reasons that can achieve the economic miracle. In this essay, there will try to find out the reason of the domestic economic growth policy, the assistance of the U.S. and the favorable international environment which were the three most decisive factors cause the Japan’s post-war economic miracle.
Download file to see previous pages Although by definition, a miracle is inexplicable, the basic cause behind Japan's economic success can perhaps be explained in simple terms: the indomitable desire of the Japanese people to grow, their deeply persistent will to succeed at any cost. Between 1945 and 1970, the Japanese economy sustained an unprecedented annual growth rate of nearly ten percent.
This economic miracle was the result of post-World War II Japan and West Germany benefiting from the Cold War. It occurred chiefly due to the economic interventionism of the Japanese government and partly due to the aid and assistance of the U.S. Marshall Plan.
Economic Miracle: Japan Essay by supercalifragilistic Economic Miracle: Japan This paper discusses Japan as an enduring economic miracle in the world.
Introduction To The Japanese Economy Economics Essay. 3970 words (16 pages) Essay in Economics.. Japan experienced of economic growth after world war formerly is from the accumulating corporation of an intellectual, organization, conscientious personnel, elevated stage of reserves and speculation, manufacturing expression severe help, and.
Introduction and background The Japanese economic miracle refers to the historical phenomenon of the astonishingly rare and rapid growth in the Japanese economy in the post-Second World War era, from 1953 to 1970s.1 This economic boom emerged after the post-war reconstruction and restoration of the country’s damaged socio-economic structure as well as the.