World History Essay Example | Topics and Well Written Essays - 1250 words - 3

orbit History - Essay Examplesuccess re-emergency of the Nipponese economy as world-class after the end of World War II is the place vie by the Ministry of International Trade and Industry MITI and its minister Ikeda Hayato who went on to become Prime Minister of Japan. The role of MITI in the Japanese miracle is lauded by many scholars as no other governmental regulation or organization had more stinting impact than MITI. MITI also gained special attention in Chalmers Johns 1982 book MITI and the Japanese Miracle The Growth of Industrial Policy, 1925-1975 where he praised it as the particular speed, form and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Ikeda Hayato became Japanese Prime Minister in 1960 at a time when the economic efforts of MITI in which he was very much involved were nearing full bloom. He went on to support and supplement MITI policies. His tremendous involvement in the Japanese miracle led Chal mers Johnson to refer to him as the single most important individual architect of the Japanese economic miracle in his 1982 book (Wikipedia.org).MITI, which was form in 1949, started off with the Policy Concerning Industrial Rationalization in 1950 that officially validated cooperation between the Japanese government and the Japanese private industry. An important aim of the Policy was to negate and overcome the effect of the deflationary regulations put in place by the Supreme Commander of the Allied Powers SCAP immediately after World War II. The overall aim of the Policy was to stabilize the many industries of Japan and guide them towards the single gull that envisaged national production goals and private economic interests (Wikipedia.org).The second major step taken by MITI was the passing game of the Foreign Capital Law in 1950 that disengaged and separated the import of technology from the import of merchandise. This Law gave MITI restore and full