| Number |
CREPEDP-9 |
| Publication Date |
April 2018 |
| Title |
Development State Evolving:
Japan’s Graduation from a Middle Income Country
|
| Author(s) |
Tetsuji Okazaki |
| Abstract |
This paper reexamines the industrial policy in postwar Japan from perspectives of the literature on a “development state” and a “middle income trap”. Japan transited from a middle income country to a high income country in the period from the 1950s to the 1970s. This process was characterized by a large structural change, such as resource reallocation from the primary industry to the secondary and the tertiary industries as well as resource reallocation within the secondary industry. Transition to a high income country is a challenging task for a middle income country. With respect to Japan, the industrial policy played a positive role in the transition. This was achieved by interactions between MITI and other related actors, who constrained and corrected MITI’s attempts of excess intervention. |
| Keywords |
Industrial policy, Development state, Middle income trap, economic history,
Japan
|
| Other information |
Paper in English (38 pages) |