Miraculous growth and stagnation in post-war Japan

Miraculous growth and stagnation in post-war Japan

by Kōichi Hamada

Book 91 of Routledge studies in the modern world economy --

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About
Sixty-five years have passed since the end of World War II. It is timely to reflect upon this short but curious Japanese economic history, beginning with the extreme hunger and poverty in the late 1940s, followed by quick recovery and "miraculous" growth since the late 1950s, to the first oil shock in 1972, slow growth in the reset of the 1970s and 1980s, and finally almost complete stagnation over the last two decades. This book attempts to make sense of Japan's economic history for these past sixty-five years.

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