What factors enabled Japan to industrialize its economy in a relatively brief space of time?
What will be an ideal response?
A. Japan's industrialization
1. rich, urban, with a large middle class
2. long history of commercial growth
3. poised to invest in innovation
4. early industrializing policies focused on the army and navy
a. close the gap in military technology between Japan and the Western
powers
5. Japan was able to break out of the unequal relationship and revise the terms
of trade with the West
a. imposed terms on China
6. expanding traditional economic activities and reinvesting the profits in
new industries
7. heavy investment by the state to kick-start industrial enterprises
8. Japanese exports like tea and silk paid for industrialization
9. state finance in the establishment of industry began to pay off
10. Japanese responded to the West by trying to adapt rather than ape,
equal rather than imitate
11. collaboration between the state and the private sector
12. Japanese firms had strong corporate identities
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