Discussion Point 3: How Did Japan’s Economy Continuously Grow Over a Long Period? Catch-Up and Domestic Demand

Takeo Kikkawa
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Takeo Kikkawa: International University of Japan

Chapter 24 in History of Innovative Entrepreneurs in Japan, 2023, pp 213-218 from Springer

Abstract: Abstract This section disagrees somewhat with traditional, export-driven “Catch-Up Industrialization Theory” to explain the long, almost uninterrupted growth of Japan’s economy until the 1980s. Increasing domestic demand consumption—as a result of ongoing incremental innovation, increased organizational capacity, and private-sector capital investment—is argued to be the main driving force.

Date: 2023
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DOI: 10.1007/978-981-19-9454-8_24

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