Based on a flexible production system, toyotist, Japan achieved a good stage of growth throughout the twentieth century, growing at rates above 5% per annum during the 1970s and becoming the second largest economy on the planet. The country had adopted a line of consumption compression and state protection of large companies. However, since the 1990s, the Japanese development model has been in crisis due to a collapse in the banking and real estate financial system, as well as the fact that the country has allowed banks and business conglomerates to associate, which has diminished free competition and economic efficiency.
