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Japan Economic Miracle explores Japan's remarkable transformation from a war-torn nation into an economic superpower, followed by its subsequent period of stagnation. The book analyzes the key elements that drove Japan's post-World War II growth, including strategic industrial policy and the unique keiretsu corporate structure that evolved from the dismantling of the pre-war zaibatsu system. It further examines how Japan's focus on manufacturing excellence propelled it to global prominence, while also detailing the factors that led to the asset bubble of the late 1980s and early 1990s.
The book offers a comprehensive look at Japan's economic history, dividing the narrative into four key parts: post-war reconstruction, the rise of manufacturing, the asset bubble, and the subsequent economic stagnation. It argues that Japan's economic miracle was not solely due to market forces, but a carefully orchestrated combination of government planning and cultural factors. By integrating historical analysis with economic theory, Japan Economic Miracle provides a nuanced understanding of Japan's journey, offering valuable insights for understanding global economic trends and the potential pitfalls of rapid growth.
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