JP 2700 Lecture Notes - Lecture 3: Anti-Japanese Sentiment, Permanent Employment
Document Summary
(cid:498)bubble(cid:499) period ((cid:883)(cid:891)(cid:890)(cid:882) - 1989) expanded by an average of an annual rate of more than 10%. This was such a record of growth over such a long period of time that had never been seen in world economic history. Over the 20 years from 1950 - (cid:883)(cid:891)(cid:889)3, japan"s gross national product (cid:883)(cid:891)(cid:890)(cid:882)"s stability: the (cid:498)bubble(cid:499) economy (cid:498)japan bashing:(cid:499) Japan grew faster than any other industrial country and became the second largest economy in the world. Was a term popularized in the 1970s indicating that japanese corporations and employees all play assigned roles in a unified national effort. Unions were weaker in japan, as they each belonged to only company. These three all helped japanese companies do really well.
