Japanese Post-war Economic Miracle - Conclusion

Conclusion

The period of growth came to an end with the bursting of the Japanese asset price bubble in 1991. This was followed by the "Lost Decade" (1991–2000).

Also, the conclusion of the economic miracle is consistent with the conclusion of the Cold War. The conclusion of the Japanese asset price bubble is consistent with the year which occurred the Gulf War and the dissolution of the Soviet Union.

Read more about this topic:  Japanese Post-war Economic Miracle

Famous quotes containing the word conclusion:

    The conclusion has never changed: the worst sort of people come here for the worst sort of reasons and put upon those of us who have conveniently forgotten where we came from and how we got here.
    Anna Quindlen (b. 1952)

    I have come to the conclusion that the closer people are to what may be called the front lines of government ... the easier it is to see the immediate underbrush, the individual tree trunks of the moment, and to forget the nobility the usefulness and the wide extent of the forest itself.... They forget that politics after all is only an instrument through which to achieve Government.
    Franklin D. Roosevelt (1882–1945)

    We must not leap to the fatalistic conclusion that we are stuck with the conceptual scheme that we grew up in. We can change it, bit by bit, plank by plank, though meanwhile there is nothing to carry us along but the evolving conceptual scheme itself. The philosopher’s task was well compared by Neurath to that of a mariner who must rebuild his ship on the open sea.
    Willard Van Orman Quine (b. 1908)