Economic Bureaucrats of Japan and Korea Term Paper

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Proponents of the capitalist developmental state argue, it was the bureaucratic interests that were the key to the successful industrialization of Japan and Korea in the postwar period. In particular, it was the bureaucrat's complete autonomy from self-serving interest groups and politicians that was the main factor that enabled them to define national-level strategies and then to implement them effectively." Those who are not proponents of the system believe it was a combination of other factors. Had it not been for the bureaucratic desire to succeed the motivation for capitalism would not have been put into place.

Following the Meiji era in Japan there were many economic reforms undertaken. Some of those reforms included:

unified system by way of modern currency, banking and investments.

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The desire and effort to establish a modern institutional framework that would be conducive to capitalist economic values was strong and was led by the bureaucrats of the nation.

Many of the former daimyo, whose pensions had been paid in a lump sum, benefited greatly through investments they made in emerging industries.

Those who had been informally involved in foreign trade before the Meiji Restoration also flourished (Japan Modernization and Industrialization (http://workmall.com/wfb2001/japan/japan_history_modernization_and_industrialization.html).

Those who do not believe the bureaucrats were responsible for the development of industrialization in Japan point to the….....

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