Abstract
The high growth rate of Japan has been upheld as a model for the more tired economies of Great Britain and the US. While Japan’s GNP grew annually by 4.3 per cent between 1980 and 1985, the average growth rate of other industrial countries was only 2.2 per cent. The US growth rate declined from 6.6 per cent in 1984 to 2.3 per cent in 1985.
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Notes
This paper draws on an excellent paper by Saburo Okita, Lai Jayawardena and Arjun Sengupta, ‘The Potential of the Japanese Surplus for World Economic Development’, prepared for the United Nations University, Tokyo, April 1986.
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© 1989 H. W. Singer and Soumitra Sharma
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Streeten, P. (1989). Surpluses for a Capital-hungry World. In: Singer, H.W., Sharma, S. (eds) Economic Development and World Debt. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20044-3_2
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DOI: https://doi.org/10.1007/978-1-349-20044-3_2
Publisher Name: Palgrave Macmillan, London
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Online ISBN: 978-1-349-20044-3
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