New Era Japanese Economy

Author: Ji Xianlin
Publisher:
Publishing Date: 2006-10-01
Features: "The Integration of Eastern Culture" was advocated by Professor Ji Xianlin and organized for writing and publishing by the editorial committee jointly established by the China Society of Eastern Culture and the Institute of Oriental Studies, Peking University. This is a global cultural project aimed at the revival and renewed glory of Eastern culture in the 21st century. After World War II, Japan rapidly achieved catch-up and grew into the world's second-largest economic power, earning the nickname "miracle" from Americans. When major developed countries were still struggling in the recession following the oil crisis, Japan's economy the oil crisis and became a "standout" in the capitalist world economy. As the world focused on Japan's "miracle," Japan instead brewed a severe bubble economy. Japan, which originally rose through industry, why did it experience a bubble economy? What are the deep-seated reasons? After the bubble economy burst, to restore economic growth, Japan's policy authorities implemented a larger stimulus than at any time before, yet why did it not produce the same results as in the past? The same Japan, the same economic system, the same people and government, yet such different economic performance? All the above questions are related to the fading of the post-development effect. As the post-development effect fades, past development concepts, economic systems, policy systems, etc., can no longer support the next stage of economic growth. "The Integration of Eastern Culture" was advocated by Professor Ji Xianlin and organized for writing and publishing by the editorial committee jointly established by the China Society of Eastern Culture and the Institute of Oriental Studies, Peking University. This is a global cultural project aimed at the revival and renewed glory of Eastern culture in the 21st century. After World War II, Japan rapidly achieved catch-up and grew into the world's second-largest economic power, earning the nickname "miracle" from Americans. When major developed countries were still struggling in the recession following the oil crisis, Japan's economy the oil crisis and became a "standout" in the capitalist world economy. As the world focused on Japan's "miracle," Japan instead brewed a severe bubble economy. Japan, which originally rose through industry, why did it experience a bubble economy? What are the deep-seated reasons? After the bubble economy burst, to restore economic growth, Japan's policy authorities implemented a larger stimulus than at any time before, yet why did it not produce the same results as in the past? The same Japan, the same economic system, the same people and government, yet such different economic performance? All the above questions are related to the fading of the post-development effect. As the post-development effect fades, past development concepts, economic systems, policy systems, etc., can no longer support the next stage of economic growth.