Saturday, June 8, 2019

What accounted for Japan's rapid economic growth in the post-war era Essay

What accounted for Japans rapid economic growth in the post-war era - Essay Examplepolicies towards the country, effect of the world-wide market, pre-war industrial capacities, social mobilization and favorable government policies.After the end of WWII, the urge to catch up and level with the western nations coupled with nationalism persisted in lacquer. Unlike during the war period where the efforts and Japanese energies were focused on military development, post WWII efforts focused on economic development. For instance, the Japanese factories tasked with the production of machine guns were dark into producing sewing machines whereas those tasked with production of optical weapons reverted to the production of binoculars and cameras for the local and international market. This easy conversion of military industries into profitable industries boosted the rapid economic growth of japan (Allen 67).The United States allowed japan to export its products to the USA while simultaneousl y allowing it to protect its domestic market during the raging on of the cold war. This led to a well(p) trade relationship between japan and the United States of America. Additionally, japan greatly benefited from joining the international markets which offered it low tariffs, the needed raw materials and cheap or lower prices of oil. Moreover, Japan enacted article 9 of its constitution that forbade it from re arming itself, so it is protected by the United States. As a consequence, it spends less than one part of its GDP on its military (Allinson 94). The huge savings propelled the nation to develop rapidly after WWII.Rather than the Japanese possessing a wellbeing state, a welfare society exists which is defined by the creation of total employment. Small to medium sized cartels of Japanese companies were present to prevent Japanese companies from becoming bankrupt hence maintaining total employment. As a result, the Japanese nation re directed the resources and funds it woul d have used on welfare to the development of it industries. This led to

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