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Japan's Industrial Policy as a Factor of the Country's Success

Year: 2024

Type: article

Abstract: Industrial policy occupies a special place in the Japanese economy, and thanks to it, favorable conditions were created for the development of certain industries, which became the basis of Japanese industry and formed a favorable investment climate. The country has gained international recognition. After World War II, Japan became one of the leaders of the world economy and the second country in terms of labor productivity, in which the economic and industrial policy of the state played an important role. In 1964, the country successfully hosted the Olympic Games, demonstrating organizational skills to participate in large-scale events. Japanese culture has been universally recognized, and Japanese brands have become a symbol of quality and reliability. Keywords: Japan, industrial policy, success, productivity.

Source: Economics

DOI: 10.36962/ecs106/11-12/2024-75

Authors: Tatia Gurtskaia Tatia Gurtskaia, Maka Gogoladze Maka Gogoladze, Karlo Gurtskaia Karlo Gurtskaia

Language: English

Topic: Asian Industrial and Economic Development

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4406251312

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