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| The Myth of Japanese Industrial Policy (Site not responding. Last check: 2007-10-09) |
 | | The Japanese government, through such agencies as the Ministry of International Trade and Industry (MITI) and the Ministry of Finance, has played a powerful role in the economy, the argument goes, turning a war-battered Japan into an economic juggernaut in 25 years. |
 | | During the 1950s and 1960s, when the Japanese government used credit rationing to allocate capital to target industries, Japan was rebuilding its industrial infrastructure which had been battered during the war. |
 | | Government policy toward the tobacco industry, which is simultaneously taxed, restricted, and subsidized, is another indication of the government's ability to implement a consistent industrial policy. |
| www.libertyhaven.com /countriesandregions/japan/mythpolicy.html (1938 words) |
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