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The Japanese economic miracle refers to Japan's record period of economic growth between the end of World War II and the beginning of the 1990s. The economical miracle can be divided into four stages: the recovery (1946–1954), the high increase (1955–1972), the steady increase (1972–1992), and the low increase (1992–2017).
Historical GDP per capita development. The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration, as well as a second spate of spectacular economic growth from the 1950s to the 1970s, dubbed the "Japanese economic miracle".
By the 1950s and 1960s, Japan’s economy had entered a period of high growth, often referred to as the 'Japanese Economic Miracle'. Key factors in this growth included government-industry cooperation, a strong work ethic, advanced technology, and a focus on export-oriented manufacturing.
The Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was not matched ...
Economic miracle is an informal economic term for a period of dramatic economic development that is ... Swiss miracle (c. 1940s–2000s) Japanese economic miracle (c ...
Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Japan (Japanese economic miracle), West Germany and Austria (Wirtschaftswunder), South Korea (Miracle on the Han River), Belgium (Belgian economic miracle), France (Trente Glorieuses), Italy (Italian economic miracle) and ...
The prototypical keiretsu appeared during the Japanese economic miracle which followed World War II, amid the dissolution of family-controlled vertical monopolies called zaibatsu. The zaibatsu had been at the heart of economic and industrial activity within the Empire of Japan since Japanese industrialization accelerated during the Meiji era. [3]
Japan is confronting a depopulation crisis because of a precipitously falling birth rate, but one mountain town has bucked the trend — spectacularly. Inside Japan's 'miracle town,' where the ...