preview

Economic Factors Of The Cold War

Decent Essays

“The Cold War was the most important factor that led to the economic recovery and development in Japan during 1945 and 1980.” Comment on the validity of this statement.

I suggest the statement that the Cold War was the most important factor that led to the economic recovery and development in Japan during 1945 and 1980 be invalid. While the world community ushered in an era of economic reconstruction, and where possible, resurgence, in the wake of the devastating World War II, Japan prepared herself for the accomplishment of vigorous economy recovery. I argue that many internal and external factors helped lead to her economic recovery and development, amongst them are political stability, government policies, national spirit, traditional …show more content…

Before the Korean War ended in 1953, the Japanese economy blossomed unhoped for. The nearest and earliest industrialized area next to the war zone, Japan was imbued with demands for including vehicles, spare parts, clothing, commodities, and war-related equipment. Even more surprisingly, when the US was at war, Japan gained a foothold on the Southeast-Asian lands where the US market previously dominated, which allowed japan to require labor and promote products and expand overseas markets, increasing employment rate and facilitating economic recovery. Such urgently burgeoning procurements are estimated to have amounted just under billion US dollars, an unexpected boost to the Japanese economy in war industry. It should be argued that such special needs, especially from the US, provided Japan with favorable situation to continue to develop its industry. The Korean War, therefore, preceding the Cold War influence on Japan by providing a huge momentum for economic recovery and development right from the outset.
To close my argument, in the case of Japanese economic recovery and development, given that many other factors outweighing the Cold War factor, the Cold War factor should not be regarded as the most important. By and large, the Cold War was merely a global interaction taking a recalcitrant shape that it offered dramatic development of related countries’ postwar development, which all related countries were bound to survive the status quo react to its future by the globe’s change and

Get Access