Japan - a small country became rich and developed. How?
Answers
Answer:
Because of its intelligence and smart work and confidence japan became rich and developed country.
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Answer:
After the World War 2 the Japanese economy was completely ruined.But then several new policies were introduced.Students were sent to countries like the United States to study the use of technology which brought the greatest changes in the economy.Banks offered seed stage funding(loans) to several businesses at low interest rates.Japan worked hard to excel in technology and is today a large exporter of such goods.Technology has definitely played a big roll in changing the face of Japan's economy.Apart from that,the rate of imports is lower than exports,the rate of unemployment is only around 3-4%,it is not overly populated and has several natural resources as an extra advantage.Japan could've stayed poor if it wanted.But putting things in line made it the 3rd largest economy in the world.