1. Japan
... the same time protecting import competing companies. (Fligstein, 2002) Japan's economic growth miracle is one of the most startling phenomena of the time. Since the 1970s, Japanese businesses have surpassed American and European businesses in such diverse fields as steel, cars, consumer electronics and watches. Japanese firms establishing and maintaining large intertwined networks were said to be the key to the ... of subsidies or cheap credits by government-controlled banks. Indonesia, South Korea and Thailand have suffered recessions, because high interest rates have blocked investment ...
- Word Count: 2142
- Approx Pages: 9
- Has Bibliography
- Grade Level: Undergraduate