By IFO Institute for Economic Research Sakura Institute ofResearch Japan
The target of this ebook is to guage competently fiscal improvement mechanism and to extract necessary classes from a comparability of the industrial improvement of Japan and that of Germany. The ebook covers an in depth variety of financial concerns: (1) macro-economic components: capital, hard work, know-how; (2) macro-economic regulations: monetary, financial, commercial; (3) exterior shocks to either economies: oil crises, trade expense fluctuations, environmental difficulties; (4) improvement strategies of significant industries: metal, chemical substances, and autos. The analyses with this systematic and entire procedure offer helpful insights for the final reader in addition to guidance for constructing international locations and for japanese ecu international locations in transition.
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Without those aids, post-war Japan would have faced extremely severe economic problems that would inevitably have delayed its economic reconstruction. 3. 1. Post-war changes in Japanese national attitudes US occupation policy towards Japan The biggest influence on Japanese national consciousness or their way of thinking in the post-war period was exerted by the policies of the US government and GHQ. In September 1945 the US government announced its initial policy towards post-surrender Japan, with its primary emphasis on democratisation.
At the corporate level, young entrepreneurs sought to manage their companies in ways not bound by the old norms, thereby paving the way for Japan's future economic development. 3. Changing social attitudes One major change on the social front was the rapid growth of the labour movement. This occurred partly because GHQ encouraged the formation of labour unions as part of the democratisation process. The expansion of unions was also a reaction to the suppression of unionism during the war. One consequence was an increase in the frequency of labour disputes.
Re-attaining pre-war levels is one usual definition of recovery, the initial very fast growth stage of the reconstruction phase in German economic history. fo Institute (1953) looks at the industrial structure of the West German economy in 1952--as measured by industrial goods sales shares in 1936 prices by different industries----and compares it with the structure of the western German economy in 1936. In 1952 the West German economy evidences a larger weight of the investment goods sector, a reflection of the comparative advantage of West Germany in international trade.