Japan Economy

Topics: World War II, Economic growth, Economy of Japan, Japan / Pages: 7 (2344 words) / Published: Oct 15th, 2014
Why did Japan 's economy boost in the 1980s?
The boost of the Japanese economy in the 1980s is like most complicated historical events, it cannot be reduced to a single cause or reason. Indeed, several factors played major roles in this economical enhancement, including good government decisions, the foundation of a new education system, external factors such as the American occupation and the American donations after the Second World War. Lastly, the people’s recognition of the role they had to do to support the government to pull the country back up to be one of the top nations after the loss of World War II.
All the previous factors underwrote the enormous boost in the Japanese economy. Yet, the most effective factor was the wise Japanese government. As it implemented new policies and supported minor corporations to take chances of entering the market, certainly did the most to enhance the economy in the country before and after the First World War, the government was always able to pull the country from total devastation to complete success on both local and international level. In addition, the political leaders took up bold plans in different fields in order to reach the national goal of making Japan a powerful and wealthy country that can resist other countries ' domination plans. In addition to the government 's policies, the new education system that was put in place soon after war, certainly changed the following generations ' perspective towards power, wealth and control, and it resulted in highly educated leaders in the government and continued following the same national goal. Apart from the internal factors, The United States ' donations after the Second World War and the second oil crisis in 1980 are external factors that helped improve Japan 's economy in the 1980s; Japan successfully managed to improve its infrastructure and benefit from each factor. The government was always able to introduce new ideas and plans in the community in order to



References: the Economic and Social Research Institute: ESRI (2003). Trend of the Japanese economy and major topics in and after the 1970s.Tokyo. Indiana University. (2004) The National Clearinghouse for U.S. Japan Studies. Indiana: Lucien Ellington. (800) 441-3272) GPO for the Library of Congress. (1994) Japan: A Country Study.. (2nd ed.). Washington, DC: Ronald E. Dolan and Robert L. Worden, editors.

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