Question

How did Japan become rich and developed? Give reasons.

Answer 1

1. Japan has one of the wealthiest and most advanced economies in the world. It’s a developed country with elaborate infrastructure, high quality of life, and technological innovation.
2. Japanese learned to work and build efficiently and to focus on mental capital rather than material wealth.
3. Japanese relied on economic liberalism and private industry to make the necessary technological leaps.
4. People are productive, and they have the means to obtain their wants and needs.
5. They have invested in the field of health and education.
6. The result was an economic explosion that took the country from a feudal society to a major industrial power in only a few decades.