HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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low population growth
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Continued dependence on relatively few export products
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rapidly increasing wages in the workforce
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inhibit to produce the most advanced machinery
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Detailed explanation-1: -In the 1930s, the Japanese economy suffered less from the Great Depression than most of the other industrialized nations, expanding at the rapid rate of 5 percent of GDP per year. Manufacturing and mining came to account for more than 30 percent of GDP, more than twice the value for the agricultural sector.
Detailed explanation-2: -High rates of investment in productive plant and equipment. The application of efficient industrial techniques. A high standard of education. Good relations between labour and management.
Detailed explanation-3: -Japan’s economic success was due to U.S. military protection and economic assistance, the opportunity to build modern industries after wartime destruction, an educated and skilled workforce, and government regulation of industry and imports.
Detailed explanation-4: -The war wiped out many of the gains which Japan had made since 1868. About 40% of the nation’s industrial plants and infrastructure were destroyed, and production reverted to levels of about fifteen years earlier. The people were shocked by the devastation and swung into action.
Detailed explanation-5: -Japan is highly dependent upon the import of natural resources. Japan has, for example, been for decades the world’s largest importer of liquefied natural gas (LNG).