Japan and the Asian Dragons: Economic Growth Strategies
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The Economic Success of Japan
The Japanese economy is the second largest worldwide after the United States. Cooperation between government and industry, the Japanese custom of hard work, and mastery of technology have led to the economic success Japan enjoys today in less than half a century.
Factors of Economic Growth
Japan's rapid economic growth was due to:
- Investment from the U.S. after World War II.
- Government Policies: The Japanese government, in collaboration with private companies, opted for industrialization and technological development.
The strategic sectors of the Japanese economy, as is widely known, are manufactured goods and technology, especially cars, electronics, and the steel industry. The finance sector is currently developing... Continue reading "Japan and the Asian Dragons: Economic Growth Strategies" »