Implications of Post‐war Japanese Industrialization: Government Intervention and Market Competition

During the 1950s and 1960s the Japanese government promoted industrial organization in the form of a “competitive oligopoly” and fostered the institutionalizing of the strong competitive investment‐drive among large‐scale enterprises which came to characterize her economy. Reviews the economy of post‐war Japan as an economic system, and the necessity for government intervention and market competition to promote industrialization.