Japan
Texto del Guión Gráfico
- The Japanese economic miracle is known for the economic growth that occurred post world war 2 and at the end of the cold war. During this, economic growth japan quickly became the 2nd country to have the largest economy following the United States. Ill tell you more on how this occurred.
- What is the economic miracle in japan and what caused it to happen?
- Korean war
- The Korean War marked the turn from economic depression to recovery in Japan. The United Nations forces on the Korean peninsula, Japan profited indirectly from the war; As valuable orders for goods and services were assigned to Japanese suppliers. More and more trades began to come there way. The Japanese economy at the return of independence in 1952 was in the process of major growth. -however this also started to cause the spread of anti-communist around
- Political advancemt
- The new constitution also impacted the economy of japan. When japan reformed their whole government from government to democracy. Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom. Which allows japans economy to strengthen and increase rapidly.
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- However, a democratic government doesn't have all positive results. Having a democratic government can lead to the government making bad decisions, opens the door to more corrupt officials, and it also favors the majority in any decision.
- Social change
- A significant decline occurred in the mid 1900s in japan , in the birth rate that stabilized the Japanese population. Also, the population shift from the countryside to urban centres. This made more highly educated populace,
- However, as population growth slowed down and the economy expanded, Japan faced a labor shortage.
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