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Essay Archive - The Bubble Economy of Japan
The Bubble Economy of Japan
The Economy of Japan had experience a tremendous growth since the end of the
Korean war. The growth of GNP in 1967 and 1968 was above 10 % (double digit
growth period) which exceed countries such as Britain, France and Germany. The
economy experienced a boost is due to many reasons, such as: enlargement of
industrial facilities, massive adaptation of western technology and education,
lower the military expense to 1% of GNP, relation with power nation, human
resources and their spirit to achieve "zero defect program". But after the first
and second oil crisis that occur from 1973 onward. The economy move dow....
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