Japan — The First Superstate?

Robert Z. Aliber
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Robert Z. Aliber: University of Chicago

Chapter 21 in The New International Money Game, 2002, pp 330-346 from Palgrave Macmillan

Abstract: Abstract In 1970 Herman Kahn, physicist and nuclear theorist, predicted that Japan would become the first superstate — that Japan’s GNP would double between 1970 and 1975, and again between 1975 and 1980 — a fourfold expansion in a decade. Between 1970 and 2000, annual average growth rates would reach 9 percent a year, so that by the year 2000 GNP in Japan would be nearly 16 times the 1970 levels. The news was heartening to the Japanese and frightening to most other countries because of the competitive impact of Japanese goods in world markets.

Keywords: Interest Rate; Real Estate; Domestic Demand; Loan Loss; Trade Surplus (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50097-6_21

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DOI: 10.1057/9780230500976_21

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