Notes5 - ECON 4337 Comparative Economic Systems Japan...

Info iconThis preview shows pages 1–14. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 4337 Comparative Economic Systems Japan
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements
Background image of page 2
Japan: A Planned Market Economy with Traditional RGDP per capita 2004 in USD (Constant Prices: Chain series) 50,760 36,098 34,759 29,642 29,404 29,276 28,957 28,447 28,398 28,158 27,994 27,899 27,073 26,762 26,479 26,168 25,885 25,606 24,661 Luxembourg United States Norway Hong Kong Singapore Switzerland Ireland Denmark Canada Austria Australia Iceland Sweden United Kingdom Netherlands France Belgium Germany Japan
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements Why do we classify Japan as a “planned market economy with traditional elements”?
Background image of page 4
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: Effect of Shintoism 6 th -7 th centuries: Absorption of Chinese culture Chinese writing Buddhism, Confucianism Effect of Confucianism Loyalty and respect to one‟s immediate superiors and state Teaching of virtuous government
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: The Tokugawa Shogunate: o After 1185: ruled by military commanders known as “shoguns” o In 1500s, first exposure to European culture o Development of business, transportation infrastructure, literacy took off
Background image of page 6
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1853 : Japan forcibly reopened to outsiders by arrival of Commodore Matthew Perry‟s “ black ships ” from the U.S.
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1868: “Meiji Restoration” Landless samurai overthrew the Tokugawa shogun
Background image of page 8
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1868-1912: “Meiji Restoration” Sign of end of feudalism in Japan o Dramatic opening to foreign influences and technologies o Removal of all rights and powers of samurai who later started businesses(purchased) o Public investment in communication, railroads, education, postal services o Start and support of new industrial enterprises by state Japan became the fastest growing economy in the world
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1868-1912: “Meiji Restoration” Japan lacked Bureaucracy Technology Entrepreneur class. It had to economize resources, decrease risks German thinking was much more influential (State over individual)
Background image of page 10
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1894: War with China 1895: Japan conquered Taiwan 1905: War with Russia 1910: Japan took control of Korea 1920s: Democratization and liberalization Growth of four “zaibatsus” by government sponsorship Mitsui, Mitsubishi, Sumitomo, Yasuda 1923: Tokyo earthquake (133,000 died)
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Japan: A Planned Market Economy with Traditional Elements Index of National Output (1897=100) Source : Lecture notes by Assistant Prof. Hui He
Background image of page 12
Japan: A Planned Market Economy with Traditional Elements Historical and Cultural Background: 1937: Japan invaded China 1941: Pearl Harbor On August 16, 1945 Japan surrendered
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 14
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/26/2011 for the course ECON 4337 taught by Professor Staff during the Spring '08 term at Minnesota.

Page1 / 62

Notes5 - ECON 4337 Comparative Economic Systems Japan...

This preview shows document pages 1 - 14. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online