Economic Development
Name:
Course: Econ 112,” “Spring 2020,”
Institution Affiliation:
Proposal
The economic progress of Kenya after independence
Did Japan encounter rapid economic growth after the WW2? What frameworks did the Japanese government employ to stimulate economic growth? After WW2, each country that participated in the war had to undergo an occupation and reconstruction process in a bid to develop economically, and Japan was no exception. For Japan, in the aftermath of WW2, the country encountered rapid economic growth, which made it become the second-largest economy at that time. However, this paper seeks to outline; the key drivers of the economic development in Japan in the aftermath WW2, it also seeks to explore the microeconomic elements of a market system that stimulated her rapid economic development as well as the macroeconomic development process of post-war Japanese economy famously known a “Miracle Recovery.” In summary, the paper illustrates the economic drivers of Japan after WW2 and the initiatives taken by the government to stimulate economic development.
Abstract
Gives an overview of how Japan witnessed rapid economic development after WW2
Introduction
Introduces the topic and gives the thesis statement
Body
Discusses in detail how the economic progress of Japan in the aftermath of WW2; and gives the reasons for a faster or rather rapid economic development.
Conclusion
The conclusion part binds both the introduction part (thesis statement) and the body paragraphs.
References
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Cohen, J. B. (1958). Japan’s postwar economy. Indiana University Press.
Borthwick, M. (2018). Miracle by Design: The Postwar Resurgence of Japan. In the Pacific Century (pp. 237-269). Routledge.
Ellington, L. (2004). Learning from the Japanese economy. Japan Digest, (15).
Yoshioka, S., & Kawasaki, H. (2016). Japan’s high-growth postwar period: The role of economic plans. Economic and Social Research Institute-The Government of Japan.
Bhuiyan, M. Z. A. The miracle of Japanese Economy after the Second World War (WW2).
Seliger, B. (2010). Theories of economic miracles (No. 2010-01). Ordnungspolitische Diskurse.
Esteban-Pretel, J., & Sawada, Y. (2014). On the role of policy interventions in structural change and economic development: The case of postwar Japan. Journal of Economic Dynamics and Control, 40, 67-83.
Maier, C. S. (1977). The politics of productivity: foundations of American international economic policy after World War II. International Organization, 31(4), 607-633.