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View Diary: Book review: Michael Lind's 'Land of Promise' (94 comments)

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  •  In the economic histories of both Japan and (3+ / 0-)
    Recommended by:
    high uintas, Odysseus, fhcec

    Germany, you have to factor in the decimation of their industrial bases in WWII.

    That was a major blow to both economies, but it also meant rebuilding their industries with the latest and greatest technologies.

    One key example -- after WWII, the entire Japanese steel industry was rebuilt and upgraded to facilities using the Basic Oxygen Process to make steel.  US suppliers were still using Open Hearth, a far less efficient approach.

    WRT to Japan, we might also note that the Japanese economy has been stagnant for so long that the government is aggressively working to get it growing again.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Sun Apr 21, 2013 at 06:26:28 PM PDT

    [ Parent ]

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