IB History Topic Japan’s “economic Miracle" Revision Notes (HL)

IB History Topic Japan’s “economic Miracle" Revision Notes (HL) | RevisionDojo

Causes of Japan’s Economic Miracle (1950s–1970s)

Japan’s rapid postwar growth, called the “Economic Miracle,” was driven by a combination of U.S. aid, state planning, and a skilled, disciplined workforce.
The Korean War (1950–1953) provided an early boost, as Japan became a supply base for U.S. forces, reviving its industries.
The Dodge Line (1949) stabilized currency and encouraged export-led growth by enforcing balanced budgets.
The Ministry of International Trade and Industry (MITI) coordinated industrial policy, channeling credit and technology toward key sectors such as steel, shipbuilding, automobiles, and electronics.
Japanese corporations adopted the keiretsu system (interlinked corporate groups), ensuring cooperation among banks, manufacturers, and suppliers.
A culture of collectivism, long-term employment, and high savings rates supported productivity and reinvestment.
Education reform under the occupation produced a highly literate, technically trained workforce, fueling innovation and adaptability.

Definition

MITI (Ministry of International Trade and Industry)

Government body coordinating Japan’s industrial strategy and technology transfer.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Causes of Japan’s Economic Miracle (1950s–1970s)

Japan’s rapid postwar growth, called the “Economic Miracle,” was driven by a combination of U.S. aid, state planning, and a skilled, disciplined workforce.
The Korean War (1950–1953) provided an early boost, as Japan became a supply base for U.S. forces, reviving its industries.
The Dodge Line (1949) stabilized currency and encouraged export-led growth by enforcing balanced budgets.
The Ministry of International Trade and Industry (MITI) coordinated industrial policy, channeling credit and technology toward key sectors such as steel, shipbuilding, automobiles, and electronics.
Japanese corporations adopted the keiretsu system (interlinked corporate groups), ensuring cooperation among banks, manufacturers, and suppliers.
A culture of collectivism, long-term employment, and high savings rates supported productivity and reinvestment.
Education reform under the occupation produced a highly literate, technically trained workforce, fueling innovation and adaptability.

Definition

MITI (Ministry of International Trade and Industry)

Government body coordinating Japan’s industrial strategy and technology transfer.

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

IB History Japan’s “economic Miracle" Notes

IB History Japan’s “economic Miracle" Notes

Causes of Japan’s Economic Miracle (1950s–1970s)

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Causes of Japan’s Economic Miracle (1950s–1970s)

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IB History Japan’s “economic Miracle" Notes

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

IB History Japan’s “economic Miracle" Notes

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

Causes of Japan’s Economic Miracle (1950s–1970s)

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

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Causes of Japan’s Economic Miracle (1950s–1970s)

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

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