Anamika PrajapatKnowledge Contributor
How has Japan's post-war economic recovery, known as the "economic miracle," influenced global economics?
How has Japan's post-war economic recovery, known as the "economic miracle," influenced global economics?
Japan’s post-war economic recovery, characterized by rapid industrialization, technological innovation, and export-led growth, had a profound impact on global economics. The Japanese model of economic development, with its focus on manufacturing excellence, quality control, and long-term planning, served as a blueprint for other nations seeking to emulate Japan’s success.