Abstract
Over a period of several decades, a “Strategic Trade Policy” (Grossman 1992, pp. 107) combining elements of the planned and the market economy seemed to constitute the basis for Japan’s economic stability and growth. Under the direction of the Ministry for International Trade and Industry (MITI), Japan has been pursuing a policy of extreme industrialization since 1925. This policy was initially based on armament production; it re-emerged after the second world war in the form of a policy promoting growth and exports. The openness of Japan to the western markets promoted this development.
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© 1996 Springer-Verlag Berlin Heidelberg
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Lang, F.P. (1996). Japan’s Experiences with Recent Developments in the World Economy. In: Lang, F.P., Ohr, R. (eds) Openness and Development. Studies in Contemporary Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-12627-1_6
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DOI: https://doi.org/10.1007/978-3-662-12627-1_6
Publisher Name: Physica, Heidelberg
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