Why Japan industrialized first

Check out our advertising sponsor, The Economist, and get access to global coverage at an exclusive 35% discount at https://economist.com/moneymacro Recommended follow-up articles: 1. The ascent of India’s economy - https://www.economist.com/finance-and... 2. Vietnam’s growth is fast—but fragile - https://www.economist.com/finance-and... 3. How East Asia should respond to its China shock - https://www.economist.com/leaders/202... If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via:   / moneymacro   WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/indus... LIKE CHATTING ECON WITH ME? △ Follow me on Twitter:   / joerischasfoort   △ Follow me on LinkedIn:   / joeri-schasfoort   △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: 1. https://www.nber.org/people/reka_juhasz 2. https://www.nber.org/people/shogo_sakabe 3. https://www.nber.org/people/david_wei... 4. https://www.ndl.go.jp/portrait/e/data... 5. https://en.wikipedia.org/wiki/Self-St... 6. https://www.nber.org/papers/w32667 7. https://www.toyota-industries.com/com... 8. https://www.lean.org/the-lean-post/ar... 9. https://www.toyota-global.com/company... 10. https://ourworldindata.org/breaking-t... 11. https://academic.oup.com/cornell-scho... 12. https://www.nber.org/papers/w13171 13. https://www.mitsui.com/jp/en/roots/12... 14. https://www.toyotauk.com/about-toyota... Timestamps: 00:00 - intro 03:24 - building block 1 09:25 - building block 2 12:18 - building block 3 21:10 - building block 4 26:51 - building block 5 31:03 - conclusion Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort Edited by Natalia Karpacz