1. THE DEVELOPMENT OF JAPANESE CAPITALISM AND THE INFLUENCE OF
... culture impinge upon this development. Japan's economy continued to expand rapidly from the mid-1950s through the 1960s, experiencing only two short recessions, in 1962 and 1965. The annual growth rate averaged close to 11% in real terms for the decade of the 1960s. This compared with 4.6% for the Federal Republic of Germany and 4.3% for the United States in the period from 1960 to 1972. And it was well above twice Japan ... sources of Japan's strength is its people's willingness to sacrifice, to be regimented and homogenized, and to subordinate personal desires to the harmony of the wo...
- Word Count: 2410
- Approx Pages: 10
- Has Bibliography
- Grade Level: Undergraduate