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Japan's Economic Development - 1955 and 1973

6 Pages 1523 Words November 2014

teel, shipbuilding, chemicals and machinery. The other role was to allocate new technologies to the companies that would definitely contribute to Japan's industrialisation and economic growth (Takada, 1999, p. 15-16). All these political factors helped the development of some Japan's industries which, in turn, contributed to the economic growth and paved the path for Japan's Income-Doubling Plan in 1960s that aimed to achieve full employment and a high living standard by doubling the gross national product (De Bary, 2008, p. 844).

Secondly, during the Occupation era (from 1945 to 1952), the most significant contribution was the three reforms (land reform, dissolution of zaibatsu and labour legislation) and the Dodge Plan. At the beginning of this period, all the income of tenants of agricultural lands was exploited by the landlords, and large quantity of agricultural lands were idle when Japan had to increase agricultural output; Japan's market was controlled by 10 zaibatsu which promoted a semi-feudal relationship between labour and management, also received preferential treat from government with lower taxes; no effe...

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