Economic Quotes

Question 1

Macpherson - Zaibatsu

Answer 1

The more spectacular changes were promoted by the Zaibatsu groups which had the size to achieve scale economies.

Question 2

Morikawa - Zaibatsu

Answer 2

The zaibatsu provided “the impetus for the country’s modern economic development”

Question 3

J.E. Thomas - Government

Answer 3

Japan’s economic achievements should not be associated with unfettered private enterprise but instead with planning, intervention and regulation

Question 4

Tipton - Government

Answer 4

Direct government investment was neither extensive nor successful.

Question 5

Henshall - Government

Answer 5

Japan’s focus on economic growth at the expense of quality of life has been one of the major criticisms levelled at it

Question 6

Hoffman - Government

Answer 6

The prime mover in the creation of a mass society was the government itself

Question 7

T.C. Smith - Tokugawa Legacy

Answer 7

The economic development of Tokugawa provided “essential building blocks for later industrialisation.”

Question 8

Beasley - Tokugawa Legacy

Answer 8

At the time of the opening of the ports, Japan already possessed some of the attributes for modern economic growth.

Question 9

Duus - impact

Answer 9

“the social dislocations from economic change made easier the emergence of political leaders dedicated to economic innovation and industrialization.”

Question 10

Duus - extent

Answer 10

Somewhere between 1885 and 1895 Japan reached what economists call the take-off stage of modern industrial growth.