How was the economic development of Western Europe during the Cold War years similar to or different from that of Japan?

How was the economic development of Western Europe during the Cold War years similar to or different from that of Japan?

How was the economic development of Western Europe during the Cold War years similar to or different from that of Japan? Japan and much of Western Europe gained prosperity by building modern industries after wartime destruction. Because of international trade, all of their economies grew.

How did the US western Europe and Japan achieve economic prosperity and strengthen democracy during the Cold War years?

How did the U.S., Western Europe, & Japan achieve economic prosperity & strengthen democracy during the Cold War years? The U.S. benefited from lack of war damage & high global demand for goods & services. West Germany & Japan were able to build modern industries after wartime destruction.

How was trade important to the economic development of Western Europe the United States and Japan during the postwar decades?

Trade was fundamental to the postwar economic growth of Western Europe, the United States, and Japan. The United States led the world in trade, as it was able to efficiently convert its massive wartime production infrastructure to meet peacetime consumer demands.

Why was the Soviet unable to keep up with the market economies of the West?

Why was the Soviet Union unable to keep up with the market economies of the West? The Soviet Union had a command economy in which the government controlled industrial production. Soviet goods were generally inferior in quality compared to Western goods, making impossible for them to keep up.

Why is Okinawa so poor?

A key reason for the island’s poverty is sheer distance: Because of its long distance from the mainland, costs for transportation are high. While the economies of cities and towns on the Japanese main islands that are located close to U.S. bases do not struggle with poverty, such is not the case for Okinawa.

Was Japan a poor country before ww2?

Before World War II, Japan built an extensive empire that included Taiwan, Korea, Manchuria, and parts of northern China. In the 1930s, the Japanese economy suffered less from the Great Depression than most industrialized nations, its GDP expanding at a rapid rate of 5% per year.

Did Japan Attack us because of oil?

Few people realize that it was oil — the shortage of oil — that precipitated the Japanese attack on Pearl Harbor on December 7, 1941. Tensions between the United States and Japan were rising throughout that fateful year.