America and the Japanese Miracle: The Cold War Context of Japan’s Postwar Economic Revival, 1950-1960 (The Luther H. Hodges Jr. and Luther H. Hodges … Entrepreneurship, and Public Policy)

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Description

On this book, Aaron Forsberg presents an arresting account of Japan’s postwar economic resurgence in a world polarized by the Cold War. His fresh interpretation highlights the various connections between Japan’s economic revival and changes that occurred within the wider world right through the 1950s.

Drawing on a wealth of recently released American, British, and Japanese archival records, Forsberg demonstrates that American Cold War strategy and the U.S. commitment to liberal trade played a central role in promoting Japanese economic welfare and in forging the commercial relationship between Japan and the US. The cost of economic opportunity and interdependence, on the other hand, used to be a strong undercurrent of mutual frustration, as patterns of conflict and compromise over trade, investment, and relations with China continued to characterize the postwar U.S.-Japanese relationship.

Forsberg’s emphasis at the dynamic interaction of Cold War strategy, the business environment, and Japanese development challenges “revisionist” interpretations of Japan’s success. In exploring the complex origins of the U.S.-led international economy that has outlasted the Cold War, Forsberg refutes the claim that the U.S. government sacrificed American commercial interests in favor of its military partnership with Japan.

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