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Japanese post-war economic miracle
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Japanese post-war economic miracle
The new Asia
The influence of Japan in 1942
Japan has created the most advanced in the world steel industry,. Japan has become the first power in the world in shipbuilding. To refine the oil, they started to develop the petrochemical industry. In the second phase priorities were given to the domestic electric appliance and automobile industry. It was necessary to break the stereotype - until the 1960s, Japanese products were cheap but poor quality. At the cost of tremendous effort on their transistors on their TVs, and then the cars they have convinced the world that the Japanese product meansthe synonym of high quality
As the first fury of conquest subsided, the Japanese attempted to build a new Asia
СConclusion
The position of Japan during the two World Wars
Soryu is the first aircraft carrier
After the First World War, the Japanese economy faced a number of difficult problems. Thus, renewed competition between the leading world powers with which Japan could not compete in foreign markets. In particular, China was captured by US corporations, which forced Japan to accept the principle of "open doors" in trade with China, That means to Japan the loss of the beneficial market.
The scientist Vsevolod Ovchinnikov said: The essence of the Japanese miracle - in a surprising mutual trust of the supreme power and big business. In Japan, the government together with great business sphere generates economic strategy. They clearly define the priorities of the country's development. In the first phase the focus was on the development of steel industry, shipbuilding, petrochemicals
Content
Golden 60s
The period of rapid economic growth between 1955 and 1961 paved the way for "Golden Sixties", the second decade of which is usually associated with "Japanese economic miracle"
- The position of Japan before the 2nd World War
- Golden 60s
- The reasons of Japanese economic miracle
- Conclusion
The reasons of Japanese economic miracle
- Reforms
- US occupation (no military spendings)
- Cheap labor
- Trust of the banking system
- Control over foreign trade
- The export orientated economy
- Support to domestic producers
- Political stability
- Japanese science development of new technologies