Phases of Economic Development

  • Ifo Institute for Economic Research
  • Sakura Institute of Research


In general, the stages of a nation’s economic development can be defined and examined in terms of different rates of growth or in terms of changes in the key factors of economic influence. Interestingly, in the case of post-war Japan, either approach tends to result in closely overlapping divisions. Consequently, the stages of development are tentatively defined here as set out below, and Japan’s pattern of economic growth will be reviewed with attention to the qualitative and quantitative dimensions of each transition. In addition, the stages of development will be verified on the basis of changesin the government’s economic plans.


Capital Stock Full Employment Purchase Power Parity Capital Spending Tertiary Industry 
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Literature to 3.1

  1. Japan Productivity Center (ed) (1992) Diary of the postwar Japanese economy (Sengo Nihonkeizai Nisshi). Labor Productivity Information Center, TokyoGoogle Scholar
  2. Research Bureau, Economic Planning Agency (ed) Survey of economic statistical figures, annual edn (Keizaiyourann). Printing Bureau, Ministry of Finance, TokyoGoogle Scholar

Literature to 3.2

  1. Abelshauser W (1987) Die langen fünfziger Jahre: Wirtschaft und Gesellschaft der. Bundesrepublik Deutschland 1949–1966. Schwann, DüsseldorfGoogle Scholar
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  6. Ifo-Institut (1953) Fünf Jahre Deutsche Mark. Der Wiederaufbau der west-deutschen Wirtschaft seit der Währungsreform. Ifo-Institut, Berlin/MünchenGoogle Scholar

Copyright information

© Springer Japan 1997

Authors and Affiliations

  • Ifo Institute for Economic Research
  • Sakura Institute of Research

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