How Entrepreneurs Created the Great Boom That Made Modern Japan

via CATO Institute

“In less than two generations, during the late 19th century, Japan transformed itself from a medieval backwater to a dynamic modern economy. They did it with comparatively little outside capital, public or private. It’s probably fair to say that Japan was more successful than any of the nations that, decades later, received government-to-government assistance through the Marshall Plan, the World Bank or the International Monetary Fund…”

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