Which situation has contributed most recent Japanese economic growth ?
Correct answer: C. The Japanese government and Japanese businesses have cooperated with each other
- A. The Japanese government has place limits on Japanese exports
- B. Japanese industries spend very little on the research and development of new products
- C. The Japanese government and Japanese businesses have cooperated with each other
- D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do
Explanation
Japan’s postwar growth was supported by close cooperation among government agencies, banks and businesses in directing investment and promoting industrial competitiveness. The other choices contradict Japan’s strong export orientation, research spending and high saving rate.
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