1) Discuss the impact of culture (including corporate culture) on post-World War II Japanese economic growth. How has culture influenced economic policy and institutions in the post-World War II Japanese development model (or what has also been referred to as the Japanese Institutional Model)?
2) Tw approaches to explaining Japanese economic success are dominant in studies of the Japanese Model - one is characterized as political, the other as economic. Explain the difference between the two approaches. What was the Japanese Development strategy? Briefly explain the goal of each of the four policy areas of the Japanese Model.
3) Explain why some countries were particularly vulnerable to the Asian contagion, while others escaped unscathed. Discuss the important factors that help explain Asia's path to economic recovery following the Asian currency crisis.
4) Explain IN GENERAL how economic bubble develops. Japan began a lengthy period of stagnation characterized by falling demand and falling prices, following the bursting of the Japanese economic bubble. Discuss the structural reforms, especially in the banking and corporate sectors, which were designed to restore both household and business confidence. Evaluate the effectiveness of these reforms.
5) Two foreign trade strategies (ISI and EOI) played an important role in Japanese economic success. Explain the goal of each strategy and how each was implemented.