Nobody downloaded yet

Critique of an Article - Postwar Japanese Economy - Term Paper Example

Comments (0) Cite this document
CRITIQUE OF AN ARTICLE Date Postwar Japanese Economy The postwar Japanese economy was characterized by diverse changes that resulted from the prevalent world events as well as government strategies or policies. Postwar Japanese economy underwent the transition of astonishing growth to deep stagnation that lasted from 1990s until 2003 with the indication of economic recovery…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Critique of an Article - Postwar Japanese Economy
Read TextPreview

Extract of sample
"Critique of an Article - Postwar Japanese Economy"

Download file to see previous pages One of these events is the first globalization wave of 1870s that was attributed to the international gold standards as well as international treaties related to tariffs. Furthermore, the downturn associated with second globalization wave of 1914 caused by the occurrence of World War I, and downfall of international gold standard contributed to adverse conditions in the Japanese postwar economy1. Based on the globalization perspective, the exceptional performance of the Japanese economy that occurred earlier than 1970s is attributable to an institutional evolution of economic system in Japan that begun in the early 1930s to address the downturn associated with the second globalization wave. In the postwar period, the evolutionary process modified the Japanese economy system to address various challenges related to the novel international environment. The underlying principles of the Japanese economic system devised by this institutional evolution were stability and coordination. As a result, it stirred aggressive corporate investments, upheld a high level of employment based on an approach of total employment, and stimulated bank lending by establishing excessive competition. However, the strong coordination of Japanese economic system resulted to weak control as well as monitoring. In addition, high stability of the system caused low capacity to upgrade Japan’s economic structure2. In addition to the chronological account of Japan’s economy, Tsutsui provides a specific focus in various attributes of Japan’s economy, including postwar recovery, stagnation, reversal, high growth, as well as reform versus recovery. In the context of postwar recovery, democratic reforms in Japan and shortages of materials along with the resulting hyperinflation caused significant effects on Japanese economy. These occurrences resulted to changes in the structure of the Japanese economy. The underproduction resulting from overuse and destruction of production equipment during the war was a significant challenge encountered by Japanese postwar economy. In addition, postwar repatriation of civilian and military Japanese from overseas caused a rapid increase of domestic demand for services as well as goods, though the production of Japan had significantly decreased, especially due to loss of colonies that provided materials and labor. As a result, Japanese postwar economy faced an inevitable hyperinflation. To cope with this problem, Japanese government adopted the priority production program that encouraged production using limited resources in the iron, coal, fertilizer, and fertilizer industries3. The philosophies and strategies constituted in this program led to substantial development in Japanese postwar economy with the prioritization of production and minimization of consumption, and supersession of class-consciousness to promote national unity. National economic independence was upheld at the expense of attracting foreign investments, and economic growth became highly regarded than sustainability. According to Tsutsui (2009), Japan underwent a high economy growth era between 1955 and 1973, which was characterized by major structural adjustment, and an exceptional record of 4.1 percent, average annual growth. The high growth was attributed to Japanese industrial policy because of its significant influence ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Critique of an Article - Postwar Japanese Economy Term Paper”, n.d.)
Retrieved from https://studentshare.org/history/1457106-critique-of-an-article
(Critique of an Article - Postwar Japanese Economy Term Paper)
“Critique of an Article - Postwar Japanese Economy Term Paper”, n.d. https://studentshare.org/history/1457106-critique-of-an-article.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Assessing Autism Article Critique
The article by Ingram et al. (2007) describes an empirical study of 30 elementary school children using a method called “The Playground Observation Checklist.” It starts out by pointing out that severe social impairment is the most prominent feature of autism, as defined using the DSM criteria.
4 Pages(1000 words)Term Paper
Justifying the Japanese Internment Camps
Japan therefore opposed and fought against America in that war. What aggravated the tension between USA and Japan was the attack on Pearl Harbor in Hawaii by Japanese troops. This was an American territory, although it had not formally become a state. After this incident, USA felt that the Japanese Americans living in the country could possibly act as spies, for further attacks in the country.
7 Pages(1750 words)Term Paper
Religious Influence on Japanese Art
At the same time, with Japan in the Stone Age, great advances in arts were being realized in China, rooted in Buddhism (Mason 23). After Japan was exposed to the advances that came through trade contacts, they started incorporating them into their own arts (Paine & Soper 42).
6 Pages(1500 words)Term Paper
The Japanese Quasi-Jury and the American Jury
The progression of the Japan and American jury systems has progressed differently owing to the differences in the structure and history of the two countries. Here considers differences of The Japanese Quasi-Jury Vs the American Jury.
3 Pages(750 words)Term Paper
Political economy
the United States and its allies, the second comprised of the former Soviet Union nations and the rest belonged to the Third World – a conglomeration of economically and politically backward nation-states. While the first two groups have lost their exclusiveness with the end
8 Pages(2000 words)Term Paper
Motivation in the Workplace: American and Japanese Cultures Compared
Workplace Motivation is a social conception that is deeply embedded in to the workplace environments and has the capability to strongly affect the performances of the employees (McCoy, 1992). Workplace motivation has
17 Pages(4250 words)Term Paper
Open economy
The reality, however, of these economic practices are worth examining in detail in terms of assessing whether, as advertised,
6 Pages(1500 words)Term Paper
The authors were discussing the dilemmas the ICT department are supposed to solve in order to accomplish its future goals and objectives. The challenges facing the
1 Pages(250 words)Term Paper
Article Critique
The authors of the study attempt to explicate numerous ways in which narcissism manifests itself in these owners. For this purpose, web pages were collected and then strangers were asked
4 Pages(1000 words)Term Paper
Critique of Research Article
(2000) and published in the British Journal of Urology International. The reason of selection of this research article is that the presence of an indwelling urethral catheter allows continuous access of organisms into the urinary bladder. Analysts and researchers have found out that the duration of catheterization is very important risk factor in the development of catheter-associated bacteriuria.
6 Pages(1500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Term Paper on topic Critique of an Article - Postwar Japanese Economy for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us