Asian ‘Miracle’

David Goalstone

Chapter 28 in Macrofoundations of Political Economy and Development, 2007, pp 257-264 from Palgrave Macmillan

Abstract: Abstract The Father of all Asian efforts at modern growth is found in Meiji Japan. Near the end of the Tokugawa era, in 1853, American warships were used to convince the Japanese to accept an unequal trade treaty. Ruinous inflation followed. When the last shogun died without an heir, chaos broke out. After a decade of this dangerous condition, the ancient emperor system was restored in 1868 in a military coup. Suddenly, Japan had a 15-year old emperor-god.

Keywords: Total Factor Productivity; Industrial Policy; Corn Seed; Military Coup; Dual Economy (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60431-5_28

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DOI: 10.1057/9780230604315_28

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