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Economic and Policy Lessons from Japan to Developing Countries pp 19–40Cite as

Palgrave Macmillan

Macroeconomic Policy with Particular Reference to Rapid Economic Growth

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Part of the book series: IDE-JETRO Series ((IDE))

Abstract

The purpose of this chapter is to consider the macroeconomic policy of modern Japan, focusing attention on the postwar era, particularly the reconstruction period (1945–1955) and the rapid growth period (1956–1972). The prewar experience is also reviewed as it led to the initial conditions of the postwar era. Dealing with postwar Japan, this chapter highlights the interaction between three major economic theories, namely economic liberalism, Keynesianism, and Marxism.

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Authors
  1. Yasutami Shimomura
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Editor information

Editors and Affiliations

  1. Hiroshima Shudo University, Japan

    Toshihisa Toyoda (Professor) (Professor)

  2. Waseda University, Japan

    Jun Nishikawa (Professor Emeritus) (Professor Emeritus)

  3. Developing Economies Advanced School (IDEAS), Japan

    Hiroshi Kan Sato (Dean) (Dean)

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© 2012 Yasutami Shimomura

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Shimomura, Y. (2012). Macroeconomic Policy with Particular Reference to Rapid Economic Growth. In: Toyoda, T., Nishikawa, J., Sato, H.K. (eds) Economic and Policy Lessons from Japan to Developing Countries. IDE-JETRO Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230355019_2

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