Fountains in the Rain | Historical Context
The Japanese Economy
After World War II, Japan made a rapid and impressive economic recovery. Many factors contributed to the country’s success. Instead of concenF trating on producing inexpensive textiles sold to other Asian countries, Japan began to produce advanced technology for a world market. Japan’s workforce was skilled and highly motivated. The government also cooperated and supported industry.
By 1960 Japan had become the fifth-largest among the world’s market economies; by 1968 it was second only to the United States. Also by the middle of the...
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