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Japan’s Catching-Up Process

In: The Economic Rise of East Asia

Author

Listed:
  • Linda Glawe

    (University of Hagen)

  • Helmut Wagner

    (University of Hagen)

Abstract

Japan was the first of the East Asian countries that succeeded in joining the club of advanced economies, and the Japanese development strategy has provided important lessons for other East Asian countries. This Chapter traces the history of Japan’s development from the Middle Ages to modern times. In this way, it aims to uncover the historical background and mainly the drivers of the development process in Japan since the World War II. Among others, this Chapter discusses the driving forces of Japan’s high-growth period and the subsequent transition toward a “period of stable growth”. It also investigates in detail the underlying causes that led to the “Lost Two Decades” and evaluate the success of the “Abenomics” reforms that started in 2012.

Suggested Citation

  • Linda Glawe & Helmut Wagner, 2021. "Japan’s Catching-Up Process," Contributions to Economics, in: The Economic Rise of East Asia, chapter 0, pages 15-65, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-87128-4_2
    DOI: 10.1007/978-3-030-87128-4_2
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