The Japanese economic miracle and the role of government in the process of its achievement

Abstract

The Japanese economic miracle is known as the record period of Japanese economic growth between the end of World War II and the end of the Cold War (1945–1991). One of the reasons for Japan's rapid recovery from post-war trauma was the government's successful economic reform. The government institution that dealt mainly with industrial policy in Japan was the Ministry of Industry. One of the most important economic reforms was the introduction-adaptation of the "Inclined Production Mode". This success has been largely ensured to the interventionist policy of the Government of Japan and, in part, to the assistance provided by the United States in the form of the ,,Marshall Plan“. Keywords: role of government, protectionism, reconstruction, US aid ("Marshall plan"), Japanese economic miracle.