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Parissa Haghirian

In: The SAGE Handbook of Modern Japanese Studies

Chapter 28: Japanese Business and Management

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Japanese Business and Management
Japanese Business and Management
Parissa Haghirian

This chapter sketches the history and prospects of Japan's phenomenal economic success, setting out key features that underpinned it, reflecting on the social consequences of Japan's economic transformation, and evaluating the impact of recent events.

Japan's economic success and development is a unique phenomenon. As early as the Edo period (1603–1868) Japan had a highly developed internal market and the Japanese showed great interest in the country's economic development. As a consequence, Japan was quick to embrace Western technologies and began a rapid process of industrialization after the Meiji Restoration and its opening to international trade.

The Japanese economy was completely destroyed in 1945; but the country quickly set about reconstruction, generating long boom periods and growth rates of up to 10 percent in the 1960s. A phenomenal rate ...

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