Japan's Economic Development

Paper Summary:

This paper details Japan's rise as an economic power from the period immediately following WWII to the present. The paper explains the strategy Japan used to achieve the status of an economic superpower, how their economic success has affected other world economies and, in particular, the U.S. economy, discusses the Japanese government's total focus on strengthening the economy while disregarding, as a goal, the strengthening of the military and reviews the country's industrial policies. The paper also examines the state of Japanese consumers and compares it to the state of American consumers and concludes with a discussion of Japan's current financial situation.

Table of Contents
Effect of World War II on Japan
The Bureaucratic Mind
Economic Development and National Security
Ups and Downs in Industrial Policies
The State of Japanese Consumers
Conclusion

From the Paper:

"The occupation of Japan by the Allied Powers started in August 1945 and ended in April 1952. General Macarthur was its first Supreme Commander. The whole operation was mainly carried out by the United States. Japan basically lost all the territory acquired after 1894 In addition; the Kurile Islands were occupied by the Soviet Union. Okinawa was returned to Japan in 1972, however a territorial dispute with Russia concerning the Kurile Islands has not been resolved yet. The remains of Japan's war machine were destroyed, and war crime trials were held. Over 500 military officers committed suicide right after Japan surrendered, and many hundreds more were executed for committing war crimes. A new constitution went into effect in 1947 in Japan. The Emperor who was considered the Supreme Head lost all political and military power and was made a symbolic Head of the State. Universal suffrage was introduced and human rights were guaranteed. Japan was also forbidden to ever lead a war again or to maintain an army."

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