Question

Describe the Japanese economic miracle in the following areas in your own words: manufacturing, trade, and investment. What were the reasons for the success of this miracle?

Answer 1

Answer:

The Japanese economic mircale had occured and became successful primarily due to the Cold War and post-WW2 investment by the United States under the Marshall Plan, which led to a sharp increase in Japanese manufacturing of many goods such as cars and various electronics. Due to this spike in manufacturing industries, this led to Japan becoming a strong economic super power as many countries began trading with the nation for its various goods due to the increased manufacturing.

Explanation: