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Socio – Economic Drivers Of Japan’S Developmentin Post-War Era

Author

Listed:
  • Andreea DRĂGOI

    (Center for European Studies Institute for World Economy, Romanian Academy Bucharest)

  • Nicoleta Cristina BȂLGĂR

    (Center for European Studies Institute for World Economy, Romanian Academy Bucharest)

Abstract

The impact of Japan's post-war evolution on the modern world is significant. Although the country has not a large territory and it is affected by demographic challenges related to an aging population, being also exposed to high risk of occurrence of natural disasters, it is still a global economic force and an example of successfully overcoming the economic crises. Our research proposes a brief analysis of the main drivers of Japanese economic development in post-war era following the main theoretical approaches. The analysis that we propose is focused on explaining the specific economic context of Japan, in the post-war years, the causes of so called “Japanese miracle” and the controversial theory of “Japan’s lost decades”. Finally, our analytical approach aims to highlight if and how the experience of Japanese economy is relevant for the current economic context, especially for EU economies.

Suggested Citation

  • Andreea DRĂGOI & Nicoleta Cristina BȂLGĂR, 2015. "Socio – Economic Drivers Of Japan’S Developmentin Post-War Era," Romanian Economic Business Review, Romanian-American University, vol. 10(4), pages 147-158, december.
    • Handle: RePEc:rau:journl:v:10:y:2015:i:4:p:147-158
    as

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    References listed on IDEAS

    as
    1. Allan Meltzer, 2002. "Japan’s Monetary and Economic Policy," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 3(3), pages 85-103, July.
    2. Takatoshi Ito & Frederic S. Mishkin, 2006. "Two Decades of Japanese Monetary Policy and the Deflation Problem," NBER Chapters, in: Monetary Policy with Very Low Inflation in the Pacific Rim, pages 131-1997, National Bureau of Economic Research, Inc.
    3. Adam S. Posen, 1998. "Restoring Japan's Economic Growth," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 35, April.
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