Growth Theory and Japan’s GDP Growth Rates
The Trinity Growth Theory, which consists of the EGOIN Theory, the Triple C Theory and the S Curve Theory, is an elegant composite theory to explain (1) why growth levels differ among nations, (2) why growth rates also differ among nations, (3) why growth levels and growth rates differ among provinces and cities within the same nation, and (4) why growth levels and growth rates differ inter-temporally as well. Using the Trinity Growth Theory, Professor Lim Chong Yah explains the transformation of the Japanese economy following the Meiji Restoration in 1868, the rapid and impressive rebuilding of the shattered Japanese economy after the War World II, and the slowing down of the Japanese GDP growth rates after late 1980s. Professor Lim then uses the Trinity Growth Theory to attempt to predict the future of the Japanese economy.
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