A Study Of The Fast Developments Of Japan After The Second World War And Its Revelation To China

The Japan's economy had great development after the Second World War From 1955 to 1973, Japan's economy had grown so fast that it created a miracle in the history of economy development. During that period, Japan came out of the failure of The Second World War, and became the second strongest economical country in the world.How can Japan grow so fast? Scholars home and abroad have researched the question and brought forward dozens of reasons, including domestic factors and overseas factors, such as democracy reforms, the accumulation of capital, the renovation of technology, the investment on facility, the relation between labor and capital, the development of heavy industry and chemical industry, the management of the firms, the economic plan and the policy of the Japanese government, low military expenditure, the investment of public sectors, the cooperation between the firms and the government, the stability of political environment, the civil nature of Japanese, the development of the education, the "special demand" from the USA during Korean War and the war of Vietnam, the development of science and technology over the world, the sufficient supply of resources and fuels, the world market, the steady exchange rate, relatively peaceful international environment and so on.It is no doubt that Japan's fast development is due to joint effects of all the factors above. We shall do further research to find out which factors are more important and how these factors influence each other. Firstly, the article introduces the process of development after The Second World War. Then it focuses on the process of development during 1955-1973. Then it analyzes the factors boosting Japan's high-speed growth. Finally, it points out what China should learn from Japan to develop the economy.This paper contains three parts. The first part introduces the high-speed growth phase of Japan after The Second World War (1955-1973). At the beginning of this part, describes the process of Japan's development after The Second World War, divided into five phases. The five phases are the recovery phase, the high-speed growth phase, the low-speed growth phase, the foamy economy phase, and the stagnant phase. During each phase, the economy growth has different characteristics.During 1955-1973, the Japan's economy had a high-speed growth, achieved modernization, and became a developed country. It introduces the process of this period and describes the outcome of the high-speed growth. The third part is the core of this paper, analyzing the factors of Japan's high-speed growth.In this part, the author analyze how could Japan grow so fast after The Second World War, mainly from 1955-1973. There are many factors home and abroad enabled Japan to maintain a long run high growth rate.The first factor is the good external environment, including the foundation of Japan economy, the support form the USA, the stimulation of Korean War and War of Vietnam, the science and technology revolution over the world, and the sufficient supply of raw material and fuel. The second is the large-scale facility investment. The third is introduction and amelioration of new technology. The fourth is the nation's policy of international trade. The fifth is the government's propriety economic policies. The sixth is the development of education .The seventh is competitive firms and the corporation system. Finally, we analyze the relation and influence between the factors. These factors working together created the miracle of Japan.The fourth tells what China can learn form Japan's successful experience and failure lessons.The first is the combination of facility investment and technology improvement. The second is both the government and firms should pay more attention to education. The third is pay attention to the basic industries. The forth is to form effective corporation systems of Chinese style. The fifth is to treat the effect of international trade correctly.