Titlebook: China‘s Economic Rise; Lessons from Japan’s Sangaralingam Ramesh Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusive

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https://doi.org/10.1007/978-3-211-75357-6expansion in global demand for Japanese manufactured goods. As a result, the Japanese economy began to grow by 10% per year from 1960. By the end of the 1980s the Japanese economy had become the second largest in the world behind the United States, but had a GNP per capita which was higher than the

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Rajan Chattamvelli,Ramalingam Shanmugamdevelopment from pre-history to today. And also, what lessons China may learn from similar situations faced by the Japanese economy. Japan’s high level of economic growth in the 1950s and in the 1960s was based, as was the case of the rise of the contemporary Chinese economy post 1978, on a combinat

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Conclusion: Lessons for Contemporary China,ion of the use of imported advanced technology and the abundant availability of low-cost labour. Moreover, the co-ordinated market economy featuring intervention in the economy by government departments such as MITI to support industry and the structuring of industries through Keiretsu allowed for an efficient allocation of resources.

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https://doi.org/10.1007/978-3-211-75357-6contrast to the nation building objectives of the Meiji government, the Tokugawa Shogunate ruled over a politically decentralised country which was held loosely together and would not be a ‘nation’ in the modern context.

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