Japan's Emergence as an Innovating Economy
Japan's emergence in the 1970s and 1980s as a technological and innovative powerhouse impressed and fascinated the world. Many believed that Japan's technological gains stemmed from government-provided subsidies. In this video lecture, Lee Branstetter, Professor of Economics and Public Policy at Carnegie Mellon University, makes the case that most of Japan's emergence as a technological leader stems from its educational system and its ability to train well-qualified engineers and knowledge workers.
The accompanying discussion guide will help students better understand Japan's rapid industrial growth, and in particular, the role of industrial policy in Japan’s emergence as a high tech manufacturing power.