How Effective Was Japan in Recovering the Post-War Economy in 1950s?

Japan’s economy recovered rapidly after the Second World War.   To define “effective”, Japan’s economy is considered effective if it is able to recover to the state it was before WWll in the 1950s. The SCAP (Supreme commander for the allied power) rule and Japanese government had contributed to this effective recovery through various reforms and policies. Therefore, to a large extent I agree with the statement.

  Firstly, the SCAP carried out a series of economic reforms. The agricultural land reform was in 1946, where a land reform law was passed to abolish the ownership of landlords. The landlords’ farmlands were purchased by government and resold to other farmers at a very low price. This provides an equal chance for all farmers to develop their own agricultural business and support their own living. This agricultural land reform was the most successful occupation policy, which opened up the abandoned land and fully utilized them for the purpose of farming. The farmers’ living standards and productivity were improved compare to before implementing the policy.

  The chief economic advisor of the SCAP, set out nine economic principals including the implementation of the single currency, a balanced budget and importation of American supplies. In 1951, Japan signed the Francisco Peace Treaty with the US and 47 other nations, which restored independence to Japan. Japan’s economy gained independence.

  The labor reform was implemented to protect the rights of workers and improving their conditions. The reform included the encouragement of labor movements. Overall, the labor movement is an improvement of working conditions and rights for workers, where the government aims to enhance cohesion and working incentives of workers, thereby enhances their efficiency and productivity for working. After 1950, workers’ wages rose rapidly, and the improved conditions of workers helps the domestic market to expand steadily.

  The educational reform raises the literacy...