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Experiences of Japan and South Korea in the process of catching-up

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  • Experiences of Japan and South Korea in the process of catching-up
  • Koyama, Yoji
  • Niigata University


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Title Experiences of Japan and South Korea in the process of catching-up
Similar Titles
Material Type Articles
Author(English)

Koyama, Yoji

Publisher

[Niigata]:Niigata University

Date 2008
Pages 21
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Others
Government and Law < Political Systems
Government and Law < Public Administration
Holding Niigata University

Abstract

To begin with, the industrialization in Japan starting from the Meiji era is discussed. Then postwar economic recovery and development is discussed. An important point in Japan’s postwar economic recovery and development is that postwar reforms such as democratization, dissolution of Zaibatsu, land reform etc. were implemented. From 1956 until 1973 the Japanese economy experienced high economic growth. The first oil shock in 1973 put an end to the high economic growth. Japan was no longer able to pursue industrialization with an emphasis on heavy and chemical industries. Japan has endeavored in economic development with an emphasis on microelectronics and has succeeded in it. Japan has become a highly industrialized country ranked second in the world. After the Plaza Accord in 1985, however, Japanese economy experienced the bubble. In 1991 the bubble has burst. Since then Japan has experienced ten years of stagnation. (The rest omitted)