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Our historical documentary series on the history of the Cold War continues with a video on the Japanese Economic Miracle, as in the aftermath of its defeat during the World War, the Empire of Japan attempts to revive its economy despite and sometimes with the help of the American occupation.
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How Japan Became an Economic Powerhouse – Cold War DOCUMENTARY
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How Japan Became an Economic Powerhouse – Cold War DOCUMENTARY
financial history documentary
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Can this type of success can recreated in the USA, Canada, Germany, UK, France, China, Taiwan, Hong Kong, Japan, and South Korea today?
It's funny that following the end of WWII, the US had allowed the Japan to flourish economically without restraint. But then when it threatened to overtake the US economy in the 80s, we had to pressure them in to signing the Plaza Accord which resulted in their collapsing economy, the effects of which are still felt in Japan today. So it's as if Japan can neither have a full fledged military nor can it be allowed to progress economically without restraint. Man, it's like the US totally has a leash on Japan!
During the cold war, Japan played an important role. Soviet leader Andropov once wanted to make friend with Japan, but China signed a friendly agreement with Japan first.
After beating Japan in WW2, America just went full weeb mode and gave everything Japan wanted in exchange of not having an army lol
godzilla is an official japanese citizen
Please do a video about South Korea's economic miracle. I will watch it on my Samsung Android phone, with my Hyundai parked outside.
Out of curiosity, why was E Deming not mentioned in this? His influence in helping Japanese production have actual quality and not be cheap was instrumental. Product quality surely plays a role in success of industry, don't you think?
Crazy Tokyo almost passed all of the U.S.A. in economic health.
So in conclusion, the US hasn't lost the ability to win wars. We simply lost the ability to occupy countries properly. How much better off would have South Vietnam, Iraq, and Afghanistan if the US had been more up front and aggressive as occupiers in the short term so as to reduce the occupation in the long term.
We make "nation-building" a dirty term, but I would blame the change in American outlook to one that is overly self-critical and doesn't believe in pushing the policies and philosophies that have benefitted America on others whether they like it or not. The former Communist countries experienced similar problems where those that aggressively transitioned to the West benefitted more than those who went for the gradualism.
You got a typo, 17:42 That's 住友(Sumitomo), not Sumitomi.
until 'murica came and screwed everything up to stop japan's growth. good thing they did that
It's interesting to see the extent to which the Korean War brought in the investments to give Japan the boost it needed for the economic miracle. It also parallels the important role the Vietnam War played in getting the capital to South Korea to kick start their own boom.
The japanese economic plamming were imitate or copy by the korea.taiwan china with a positive result.
Otouya Yamaguchi: “Am I a joke to you?”
Even occupied Japan managed to earn money from Korean misery…
Can you fo the same for South Korea? (From my Samsung tablet)
Brits and Americans were so good at telling other societies how to run themselves after the war, but didn't apply their own rules to themselves and went into a state of decline. The American auto and electronics industries got decimated by Japan, and the British car industry was bought out by Germany and India (and China, but China wasn't rebuilt directly by the West).
Meanwhile in the US wealth inequality
Keep growing
7:30 – Unfortunately, the weakening of the labour laws and the unions and the lack of any initiative for change or protest from the people in general is now responsible for the persistent death from overwork, and a decline in real wages (and quality of life) in Japan in recent years. (And with the lack of purchase power and economic stagnation in the long term.) The inaction and complacency of my generation, is a massive tragedy, considering that people in my parent's generation were generally more aware of the injustices around them and were less hesitant to take to the streets, just like the Americans in the Civil Rights movement, or the various protests against the last bastions of colonial governments.
I used to learn this back in school in Japan, but hearing from you perspective, and in English, really helped my understanding! Thank you so much!
The Japanese nation is super hard working and dedicated to their cause/mission/goal like their lives depend on it.
Its crazy that the top 4 econimies of the world are 1.The United States then 2.China, thanks to Nixons plans to utilize Chinas people against Russia then 3.Japan because of americas post war efforts and 4.Germany because of Americas post war efforts! The U.S. of A. Is the reason for all of them being so high
So, in a way, the US helped created anime.
Jump first 2 minutes of the video . He is promoting some thing nobody gonna buy ever .
Brave decision by Japan to help slow the spread of COVID. Let's all pledge to reward them for their selfless behavior in the coming year by buying Japanese products and planning trips to Tokyo and other Japanese destinations. #thankyoujapan#domoarigatojapan #domoarigatotokyo .
god bless japan. there for since christ suffered in his body, arm your selves also with the same attitude, because he who has suffered in his body is done with sin, 1 peter 4 v 1
So if this was an anime, the title would be: I don't want to get poor so I got US oniichan watch my back and I'll max out my econom¥
5:26 DAMN good reference! GT2 what a classic!
Before it was all about China it was all Japan being the future, in the 70s and 80s it was believed in America Japan's economy would surpass the USA.
Imagine what the American Economy would be like If we didn't spend It on Defense.
I'm confused unionization de6royed the manufacturing sector in most major economies and you are saying that unionization built it in Japan?
Wow, this was really interesting! I would like to know more of thiss period. Does anyone know a good about Japan's recovery?
hard working smart people.
Actually it was Sumitomo if I remember it correctly
I was not expecting to see a GTA2 reference today. We're getting old, huh?
This from mass importing japanese products they did the same thing with China and today they are desperate fighting agains the monster that they created, and not first time, they feed the terrorists organizations like his big noise ally.
This is a strange documentary. Union labour laws are very important during the industrialisation phase of most countries. But they are never a boon to the economy, usually the opposite. 🤔
For the first time I actually want the thing in the add but I cant have it
I never knew the history but I always knew it was America's helping hand that helped Japan and even Germany to rise from the rubbles of ww2.
People forced to work in mines are not prisoners of war. We don't call the Thracians that worked in Roman mines prisoners of war.
America literally invested so much in Japan that it became a huge loss to not give preferential treatment to Japan lmao, thats something
Japan🇯🇵🇯🇵🇯🇵 People the first Study in germany 🇩🇪🇩🇪🇩🇪
10:33 you know, those values you mention there would make a lot more sense if you state what those values are in todays dollars
"We need to build a strong anti-communist country, so let's reform its economy. Redistribute the land from big owners to the people, assemble trade unions, increase the prominence of the workers class.." – and here is China just across the sea, try to do the very same things but by force and in the name of communism. What. An. Irony.
Can Japan still get the Lost Decade even without the Plaza Accord though? I often hear this is always the main factor of Japan's Lost Decade in the early 90's.
The peasants taking over land meant that later on they were given loans against the title of the lands they owned, many of those loans were deliberate attempts by virtual loan sharks to rip them off with high interest that they knew could not be met and then they would foreclose on the loans selling the land to some of the original land owners thus recreating the tenant landowner scenario again. Of course the loans would also be sold to the unscrupulous land owners which meant the peasants still had to repay them which meant they worked for next to nothing. 👀
it is interesting to note that not only had the Americans allowed some of the worst criminals re human rights to go without punishment and even some of them ending up in the Japanese government but the Japanese hierarchy had thieved gold from other countries they had invaded. Gold that was hidden from the Americans or bribes given to continue their possession of vast amounts. Just as the Germans had secreted away billions in gold and other valuables so did the Japanese. Thus in truth the Americans were suckered because they had no choice but to look after those that the rich and powerful were not going to squander their gold on. Even the criminals got in on looting and hiding using their ill gotten gains later on to set up businesses etc or stash the loot in other countries until needed. 👀
Japan is lucky they dont have to worry about maintaining a military. Im pretty sure the higher up in Japan secretly hate being a puppet state under the US
"Massive competitive advantage of all other bell buttons" – Gold.
two words:
Window Guidance.