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Japan Arises with the Free Trade Policy

In: Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)

Author

Listed:
  • Yujie Wang

    (University of California, Department of economics)

Abstract

In the 20th century, Japan significantly transformed its trade policies. After World War II, the country faced international pressure to open its markets and reduce trade barriers. To cure the damage of the war on the country’s economy, Japan adopted a series of domestic economic policies aimed at boosting competitiveness, including promoting technology and innovation and investing in human capital. However, Japan’s trade policies were not without controversy, as some countries accused Japan of engaging in unfair trade practices such as dumping and currency manipulation. Despite these challenges, free trade remained important to Japan’s economic growth and development in the 20th century. This paper will mains us case study to analysis the reason that Japan grew fast in the past 50 years. Case studies involve in-depth analysis of a particular case, situation, or individual. The meaning of research would be what are the advantages and disadvantages of exploring the reasons for Japan’s rapid economic development.

Suggested Citation

  • Yujie Wang, 2024. "Japan Arises with the Free Trade Policy," Advances in Economics, Business and Management Research, in: Faruk Balli & Hui Nee Au Yong & Sikandar Ali Qalati & Ziqiang Zeng (ed.), Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), pages 4-9, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-268-2_2
    DOI: 10.2991/978-94-6463-268-2_2
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