Compare the factors behind the economic recovery of Japan and Germany. What is common and what are the differences in the development of these two countries?
The economic factors of Japan’s revival were: 1) Democratization 2) Implementation of reforms (New Constitution -1946, proclamation of fundamental rights of freedom) 3) Agrarian reform of 1948 4) Establishment of work in large enterprises 5) Austerity policy 6) Hard work of the Japanese 7 ) Traditional discipline.
The economic factors behind Germany’s revival were; 1) Democratization 2) Denazification (cleansing from the policy of Nazism) 3) Demilitarization (complete disarmament) 4) Economic decentralization (demonopolization) 5) Austerity policy 6) The hard work and scrupulousness of the Germans 7) Traditional discipline.
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