Homework
• Hart-Landsberg describes Japanese economic development after WWII as a process of "scrap and build." Explain. What industries were promoted, scrapped? Why? What industries replaced those that were scrapped? What were the three main stages of this scrap and build process?
• Koo argues that, after the bursting of the bubble economy, Japan suffered a balance- sheet recession. Explain what this means. What has been the role of fiscal and monetary policy in addressing the long stagnation and deflation in the Japanese economy?
• Discuss the relationship between Japan's and Korea's development. Consider such things as planning institutions, aid and loans, technology transfers, industrial organization, competition for markets.
• Until 1992, South Korea was an authoritarian military dictatorship --"a peacetime economy with a warlike mentality" according to Kohli. What did this mean in terms of work and social conditions?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.