A Comparative Study On High Speed Economic Growth Mechanism In China And Japan

Since the open-door policy launched, China has enjoyed a high-speed economic growth. The issue of whether or not this growth can be maintained becomes one of the hottest concerns by academics. Comparatively, Japan also achieved continues high-speed growth during 1955 to early 1970s, and this economic miracle enabled Japan to become the second strongest economy in the world. In recent years, the academia focuses on how to realize the sustainable high-speed economic growth in China. As one neighbor, Japan shares the similar or even the same history and cultural heritage as China. The two economies are observed as identical economic development pattern, which is called "the East Asian model", and many scholars argue that China's economic growth has been going along the path of Japan. This thesis tries to figure out direct solutions to solve various problems in China's high-speed economic growth maining through a comparative analysis on the background and causes of high-speed growth in the two countries.The existing studies concluded research attempts in fields of quality of high-speed economic growth in two countries and economic policy from a certain angle. A few drew some comparative studies on China and Japan. But these results were long before on old data basis with a particular focus on The Japanese experiences. Meanwhile, very rare researches were made for comparing the mechanism of economic growth of the two countroies after China's joined WTO. Especially, the ending of Japan's high-speed growth and the sustaining of China's hingh-speed growth were igored. These are the right incentives and innovation of this study.This thesis consists of six chapters: Chapter One introduced the research background, target, intention and implications as well as a brief introduction of the research findings already achieved by Chinese and foreign scholars and summarizes the main thoughts and ideas in the following chapters. Chapter Two introduces the systemic elements and factors, dimension, feature, and the motivation mechanism of economic system, illustrates the reasons why the studies were conducted through macro and micro exploration. Chapter Three contrasts the financial policy, monetary policy, trade policy, industrial policy and environment policy of China and Japan in the high-speed economic growth period. Chapter Four and Chapter Five expound a comparative study on the internal and external factors that may shape the pattern of high-speed economic growth in China and Japan. It is concluded that there exists similar effects from the internal and external factors in realizing high-speed growth in both countries. Chapter Six explains the real reasons why the high-speed growth was ended in Japan, expounds a comparative study on the uncertainties which may threaten the sustainable economic growth in China, and then proposes several countermeasures and suggestions to be learnt from Japan.