Japan’s Catching-Up Process

Linda Glawe and Helmut Wagner ()
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Helmut Wagner: University of Hagen

Chapter Chapter 2 in The Economic Rise of East Asia, 2021, pp 15-65 from Springer

Abstract: Abstract Japan was the first of the East Asian countries that succeeded in joining the club of advanced economies, and the Japanese development strategy has provided important lessons for other East Asian countries. This Chapter traces the history of Japan’s development from the Middle Ages to modern times. In this way, it aims to uncover the historical background and mainly the drivers of the development process in Japan since the World War II. Among others, this Chapter discusses the driving forces of Japan’s high-growth period and the subsequent transition toward a “period of stable growth”. It also investigates in detail the underlying causes that led to the “Lost Two Decades” and evaluate the success of the “Abenomics” reforms that started in 2012.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-030-87128-4_2

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DOI: 10.1007/978-3-030-87128-4_2

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