Japanese Economic Development
The Japanese economy, according to some observers, entered a period of mature growth around the mid-1980s. This research assesses this contention.
During periods of rapid and stable growth, high savings rates and the rapid expansion of productivity capacity evolve into higher levels of economic output and increasing income levels. The mature stage of economic growth is characterized by high levels of mass consumption by an affluent population, with an emphasis within the economy on services and durable goods production.
While this research is concerned primarily with economic development in Japan since the end of the Second World War, Japan’s modern economic development began much earlier’subsequent to the..