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Yi,X. (2024).A Comparative Study of the Economic Development of China and Japan after World War II.Advances in Economics, Management and Political Sciences,120,1-8.
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A Comparative Study of the Economic Development of China and Japan after World War II

Xinrui Yi *,1,
  • 1 Adam Smith Business School, University of Glasgow, Glasgow, United Kingdom

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/120/20242349

Abstract

China's economy is currently facing difficulties such as a slowdown in development, an economic structure that is not adapted to the new world economic situation and so on. How to get out of these difficulties has become an important issue. From a historical perspective, this article compares the economic development processes of China and Japan after World War II and analyses the enlightenment that China can draw from Japan's economic development. The study of this article concludes that after World War II, the economic development models of China and Japan were highly similar. Both countries implemented a development strategy that prioritized heavy and chemical industries, introduced economic development policies that emphasized exports and adopted a government-led economic development model. Both are currently encountering similar development difficulties. Based on Japan's economic development experience and lessons, China should focus on real estate bubbles, market mechanism adjustment and improvement, etc. to adapt to the needs of the new economic situation.

Keywords

Economic development, comparative research, Chinese economy

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Cite this article

Yi,X. (2024).A Comparative Study of the Economic Development of China and Japan after World War II.Advances in Economics, Management and Political Sciences,120,1-8.

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About volume

Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development

Conference website: https://2024.icemgd.org/
ISBN:978-1-83558-663-1(Print) / 978-1-83558-664-8(Online)
Conference date: 26 September 2024
Editor:Lukáš Vartiak
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.120
ISSN:2754-1169(Print) / 2754-1177(Online)

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