
1985-1990: Japan’s Bubble Economy
The Japanese bubble was an asset bubble. It refers to the swift rise in Japanese asset prices in 1985 and then the rapid collapse of those prices in 1990. […]
The Japanese bubble was an asset bubble. It refers to the swift rise in Japanese asset prices in 1985 and then the rapid collapse of those prices in 1990. […]
A the beginning of the 1980s, American media was flooded with reports of the exponential growth of Japan as a world power, claiming that Japan’s economy would come out on top in the world’s economy. […]
Though the end of the Florentine-Neapolitan war was good news for Florence, the city-state’s economy was not in agood shape and Lorenzo needed to deal with this financial crisis immediately. […]
Richard Nixon’s trip to China and abolishing of the Bretton Woods agreement were economically problematic for Japan. Yet, Japan was able to become one of the world’s major economic colossi. […]
The US occupation, which turned out to be a major factor for Japan’s economic growth, came into play with various plans. Land reform can be considered a significant success of the US occupation. […]
Postwar Japan took place in two short and long periods. Before this period, the country was dependent on US aid. But postwar Japan transformed everything related to the economy. […]
Under Zhu Rongji, China embraced new regulations, giving enterprises more autonomy in making managerial decisions. It adopted the label of a ‘market’ economy, changing the perception that markets equal capitalism. […]
Deng Xiaopin introduced small-scale private commerce in China’s cities. The fiscal system was also decentralized to encourage entrepreneurial initiatives. However, resistance to change was widespread among urban state workers. […]
Li Peng’s plan to undermine Zhao Ziyang’s economic policies and priorities was eventually successful. China’s economy went into a downward spiral and Zhao suffered a severe blow to his prestige. […]
After the plague, everyone who survived was pretty much better off than they had been before. A new pattern emerged in the economy that unsettled a few individuals. […]
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