Saturday, January 19, 2013

How did Japanese reformers achieve rapid industrialization of Japan?

During the Meiji period, the reformers were able to achieve
rapid industrialization in two major ways.


First, they set up an
environment in the country that was favorable for business and economic growth. They did this by
such things as removing restrictions on trade within the country (things like restrictions on who
could conduct various kinds of business) and by assuring internal stability (preventing wars or
rebellions).


Secondly, the government took a much more direct role
in the economy. They actually helped to develop certain industries by funding research or by
giving aid to companies that were involved in important new
industries.


Of course, it was not just the government reformers who
helped Japan industrialize. It was very important that there were many private individuals who
stepped forward to create new businesses. These were the people who actually made the economy
industrialize, though they did so with a great deal of help from the
government.

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