Japan — The First Superstate

Robert Z. Aliber
Additional contact information
Robert Z. Aliber: University of Chicago

Chapter 21 in The New International Money Game, 2011, pp 300-313 from Palgrave Macmillan

Abstract: Abstract In 1970 Herman Kahn, physicist and nuclear war theorist, predicted that Japan would become the ‘First Superstate’ — that its GDP would double between 1970 and 1975, and again between 1975 and 1980 — a fourfold expansion in a decade. Between 1970 and 2000, annual growth rates would average 9 percent a year, so that by the year 2000 GDP in Japan would be nearly 16 times the 1970 level. The news was heartening to the Japanese and frightening to most other countries because continued rapid growth would lead to declines in the world prices of the goods that the Japanese produced — and to comparable declines in the prices of similar goods produced in other industrial countries.

Keywords: Real Estate; Capita Income; Loan Loss; Trade Surplus; Japanese Economy (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24672-0_22

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230246720

DOI: 10.1057/9780230246720_22

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().