USA and Japan According to Term Paper

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As mentioned before, Japan's post-war economy was not fundamentally a Capitalist, free-market society. Boyle aligns the Japanese government along the lines of the German economic nationalism school of thought (otherwise known in academic circles as neomercantillism).

Boyle points out that it was not the government's involvement in its economy that made the Japanese economic approach unique, as all governments play a role in their economies. What makes the Japanese situation unique is just how the government influenced economic growth. Whereas most western democracies have an economy based on the market, or in other words the government allows the market to control the direction of the economy, the Japanese system was plan orientated.

Under a plan-orientated economy, the government establishes specific economic goals and then creates policies to govern the private industries in a manner that allows these goals to be met. This system of government influence in the economy for the purpose reaching a political-economic goal was not identical to the similar goal-orientated economic policies found in socialist nations like the U.S.S.R. In a socialist state the government is the economy and therefore steers the ship towards the goals. In Japan, on the other hand, the government merely creates incentives to encourage specific industries to flourish. A perfect example of this was the ministry's decrease on tariffs for technology imports. This policy lead, under a free-market mentality, the technology industry to increase, which eventually lead to Japan meeting its economic goal of becoming the dominant international exporter of technological related goods.

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Overall, Boyle's argument as to why his chosen theory for the causation of the miracle is sound and correct. Through a careful review of all the various school's of thought, Boyle is able to show, without really arguing, why the role of the Japanese government in the economic recovery period of the 1960s is the true reason for the Japanese Miracle.

The main reasoning for this argument is that this theory encompassing the rest of the theories. It acknowledges the importance of the initial role of the American government in the 1950s. Without this trade relationship and the economic foundation it created, Japan would never have been able to grow its technology sector as many of the imported products that Japan ultimately improved came from the United States. This importation of goods would not have occurred had the United States and Japan not created a trade relationship in the immediate post-war time period.

Further, this theory takes into account the role of the Japanese people, their culture, and the unique institutions of the Japanese workforce. It shows that even though all of these are important factors that have contributed to the success of the Japanese miracle, these factors are actually a byproduct of the economy created through the Japanese government's economic plan initiatives. For these reasons, Boyle is correct in his theory that the cause of the Japanese miracle is the economic plan put into motion by the Japanese government during the 1960s......

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