Japans Economic Development :: essays research papers fc

JAPANS ECONOMIC DEVELOPMENTIn the following study I go away be examining the process of economic development in japan. I begin with their history in the Meiji intent and how that effected their massive success in the postwar development. Then I will go with the different economic stages of economic development in postwar Japan. I will examine the high periods and low period in Japan economics, and the factors behind these shifts in development. Last I will moot a conclusion and where I believe Japan economy will be in the future. To understand Japan economic boom subsequently the war you must alike look at there history. Without the groundwork of the industrial economy during the Meiji Japan this economic growth after postwar could have not happened. To look even closer lets examine the period before called the Tokugawa period, from 1630s until the 1860s. Smith explains that "during this period Japanese economy experienced curious growth and structural change" (Sm ith, Page 4). The system was set up on rules and obligations on all sections of society. These systems of control helped rapid urbanization.      Education is also a factor in the economic development in Tokugawa period. Tokugawa Japan abapted Confucianism belief system from there neighbors China. This became important because "one of the distinctive traits of Confucianism was idolize for education and learning" (Smith, Page 5). This spread of education was dramatic. Not Macdonnell, 2Only did the knowledge seep the upper class (such as the samurai and merchants) entirely in order to expand business it filtrates down to the peasants and artisans also. During this period up to forty percent of boys and ten percent of girls were educated by the 1850s. These are great numbers compared to other societies. The Tokugawa period in turn develop an economy familiar to bureaucratic direction and directed by the wise to(p) people stated Dennis Smith.  &n bsp  In 1869 the Tokugawa shogunta was bought down and Meiji restoration began. Japan was under great change. Meiji Japan began to industrialize. This was due to the western countries that have already industrialized. It was through private investment and enterprise that Japan began this process. The backbone of industrialization was the zaibatsu. Zaibatsu were industrial and financial conglomerates. They were given government support including benefits from government subsidies and sell-off of government factories. The premiere of these zaibatsu were Mitsui, Mitsubishi, Sumitomo, and Yasuda. Growth of industrialization began slowly. In the beginning they still depended largely on United States and Europe for most specialized and worldly machinery and manufactured goods.