Miracle Economics

themselves by implementing quotas and then non-tariff barriers. Companies
             such as Sony, Honda, and YKK improved production methods. Businessmen and bureaucrats worked together. Many firms formed keiretsu. Keiretsu was a sort of lateral
             conglomeration of banks and companies loyal to each other. The author concluded that the 1980ís, Japanís economy had surpassed those of France and Britain and rivaled
             the United Statesí economy. The Japanese could now purchase many luxury consumer goods, but at what price. Their obsession with production as their prewar obsession
             with military might had its drawbacks. Lack of urban planning has led to urban congestion with subsufficient pluming and sewage. Their economic success came at the cost
             of living conditions, human relations and natural beauty. The author begins Chapter 2 "Taiwan, Industrial Island" with a brief history of Taiwan. Taiwan, the island of
             Formosa was once a Dutch trading center. Then it became a part of the Chinese province of Fukien in 1683. With this Chinese began immigrating. In 1895, Formosa was
             ceded to Japan. The Japanese realized the agricultural potential of the island. They built roads, railways and harbors. After the Second World War, the islandís economy
             which had been based on exporting food and raw material to Japan was now greatly weakened. In 1949 when the Kumintang moved to t
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Miracle Economics. (2000, January 01). In MegaEssays.com. Retrieved 00:28, October 18, 2026, from https://www.megaessays.com/viewpaper/43784.html