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By Aaron Forsberg

During this publication, Aaron Forsberg provides an arresting account of Japan's postwar financial resurgence in an international polarized by way of the chilly battle. His clean interpretation highlights the various connections among Japan's fiscal revival and alterations that happened within the wider global in the course of the Nineteen Fifties.

Drawing on a wealth of lately published American, British, and eastern archival files, Forsberg demonstrates that American chilly battle approach and the U.S. dedication to liberal exchange performed a important position in selling jap financial welfare and in forging the industrial courting among Japan and the us. the cost of monetary chance and interdependence, besides the fact that, used to be a robust undercurrent of mutual frustration, as styles of clash and compromise over alternate, funding, and relatives with China persisted to signify the postwar U.S.-Japanese relationship.

Forsberg's emphasis at the dynamic interplay of chilly warfare procedure, the enterprise surroundings, and jap improvement demanding situations "revisionist" interpretations of Japan's luck. In exploring the complicated origins of the U.S.-led overseas economic system that has outlasted the chilly conflict, Forsberg refutes the declare that the U.S. executive sacrificed American advertisement pursuits in want of its army partnership with Japan.

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Extra info for America and the Japanese Miracle: The Cold War Context of Japan's Postwar Economic Revival, 1950-1960 (Luther Hartwell Hodges Series on Business, Society, and the State)

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The second group, centered in the Department of State, envisioned a less confrontational strategy. Equally anti-Communist, but more sensitive to the politics in the region, Secretary of State Dean Acheson, and key advisors such as Kennan and W. Walton Butterworth, sought to frustrate Soviet intentions while enhancing American influence by holding out the prospect of cooperation with Beijing. Fearful that open confrontation would drive the Chinese Communist Party (ccp) into Moscow’s arms, the State Department opposed prolonging the civil war on the Chinese mainland, although it did support extending economic aid to Taiwan.

Dulles’s conversations with congressional leaders and administration officials, however, seemed untouched by the partisan tension poisoning the air and polarizing the nation’s leaders. ’’ Dulles explained that a settlement required making economic and security assurances to Japan. Although Senate Republicans were challenging the president on collective security in Europe and foreign aid, Dulles’s comments met with no objection. ’’≤ For the rest of the year Japan policy remained above the partisan fray at home.

Despite administration enthusiasm for trade liberalization, American policy contained numerous restrictions on most agricultural products, manufactures of labor-intensive industries, and many goods exported by Japan. ’’≥∞ This is not to deny that Japanese competition held the potential to have a disruptive impact on domestic industry. But the United States possessed—and often employed—the ability to protect domestic industry, usually by demanding that Japan voluntarily restrict its exports. The most notable example was the case of cotton textiles.

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