The Meiji Restoration In Japan And Japan

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The characteristics of the state within Japan and China have caused certain implications towards beginning high and low economic development respectably. The Meiji Restoration in Japan allowed the state to control economic growth where the government could take away the benefits of the companies while in China, the Great Leap Forward lead to inefficient production and an economic disaster from bottom-up devolvement there. In this paper, I will argue how the aspects of the Meiji Restoration lead to high economic growth in Japan between 1950-1980 and how the characterizes of the Communist Party lead to low economic growth between 1958-1961.
The outcome of Japanese economic development from 1950 to 1980 is how Japan evolves into a developmental …show more content…

The state within China does not promote economic development, this general theory is how there is a bottom-up development with set boundaries that allowed for no change within the state, the lowered capacity of the state to monitor and implement economic development within a state, and how the moderate land reforms by the state lead to a horrible famine in size. The variation in states within Japan and China led to economic development in one and economic turmoil in China is how the state could control the benefits that the countries corporation’s had. In countries like Japan, the state controlled the corporate world by either giving the businesses incentives to encourage grow such as subsides or to take away the allocation of money from the businesses that showed no sign of pushing economic growth within Japan. In countries like China, the state had control over the economy, but the state had no control over the production of businesses because of the low monitoring effort from the state and there were no incentives within these economies to encourage growth so the economy during the Great Leap …show more content…

The political institutions within Chain are composed from the Communist party which led to the economic growth and turmoil in the 1900s, one institution was the formation of the Yenan Way by the Communist Party to provide public goods to the Chinese people and to build a new bureaucracy within China, and the failure of the Great Leap forward that was imposed by Mao to encourage growth within the rural part of China, opposite of the West, which lead to an economic disaster and a famine within the country. The changes in the state structure within Japan had induced a high economic development were caused by the increased competition Japan has had with the West in order to become a more profitable world power, the breaking up the Zaibatsu which broke apart large conglomerates, and allowed for a more diverse economic system where the changes to the private sector within Japan that would lead to a favorable business-government relationship (Johnson, 161). The changes in the state structure within China caused a shift in the Chinese economy were caused by to the Chinese Communist Party breaking away from Mao, the

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