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Emerging from the ruins of the Second World War, the Japanese economy has grown at double-digit rate throughout much of the 1950's and 1960's, and, when the oil crisis of the 1970's slowed growth throughout the industrialized world, Japanese growth throughout the industrialized world, Japanese growth rates remained relatively strong. There have been many attempts by scholars from a wide range of disciplines to explain this remarkable history, but for economists interested in the quantitative analysis of economic growth and the principal question addressed is how Japan was able to grow so rapidly. The contributors focus their efforts on the accurate measurement and comparison of Japanese and U.S. economic growth. Assuming that any sustained increase in real GNP must be due either to an increase in the quantity of capital and labor used in production or to the more efficient use of these inputs, the authors analyze the individual contributions of various factors and their importance in the process of output growth. These essays extend the methodology of growth analysis and offer many insights into the factors leading to the superior performance of the Japanese economy. They demonstrate that growth is a complex process and no single factor can explain the Japanese 'miracle.'

Economic structure --- United States --- Japan --- JP / Japan - Japon --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 338.023 --- 380.23 --- Arbeidsproductiviteit. --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen. --- Conferences - Meetings --- Industrial productivity --- Productivity, Industrial --- TFP (Total factor productivity) --- Total factor productivity --- Industrial efficiency --- Production (Economic theory) --- Congresses --- Arbeidsproductiviteit --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen --- japan, economy, growth, oil crisis, industry, capital, labor, production, competition, canada, automotive, manufacturing, electrical machinery, research and development, strike, taxes, taxation, corporate, investment, income, trade, business, economics, finance, nonfiction, price shocks, energy, firms, productivity, workforce, management. --- United States of America

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This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition, the authors analyze how developments in the former Soviet Union have affected commodity supply conditions.

National wealth --- Prices --- Government policy --- 338.53 --- -339.56 --- 330.123.72 --- 338.57 --- $?$94/12 --- prix --- politique des prix --- theories des prix --- AA* / International - Internationaal --- 338.013 --- 380.20 --- 338.52 --- 330.05 --- Commercial products --- Commodity prices --- Justum pretium --- Price theory --- Consumption (Economics) --- Cost --- Costs, Industrial --- Money --- Cost and standard of living --- Supply and demand --- Value --- Wages --- Willingness to pay --- Overheidsinvloed op prijsvorming. Prijzenpolitiek van de overheid --- prijzen --- prijsbeleid --- prijstheorieen --- Belang, verdeling en beleid van de natuurlijke rijkdommen. Grondstoffen. --- Prijstheorieën: algemeenheden. --- Working papers --- Prices. --- Government policy. --- 338.53 Overheidsinvloed op prijsvorming. Prijzenpolitiek van de overheid --- 339.56 --- Government price policy --- Wage-price policy --- Belang, verdeling en beleid van de natuurlijke rijkdommen. Grondstoffen --- Prijstheorieën: algemeenheden --- Prices - Government policy --- Investments: Commodities --- Investments: Energy --- Exports and Imports --- Finance: General --- Macroeconomics --- Commodity Markets --- Agriculture: General --- Trade: General --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Aggregate Factor Income Distribution --- General Financial Markets: General (includes Measurement and Data) --- Investment & securities --- International economics --- Finance --- Agricultural economics --- Commodity price fluctuations --- Commodities --- Commodity price shocks --- Agricultural commodities --- Export earnings --- International trade --- Exports --- Farm produce --- Metals --- Russian Federation