Which of the following is NOT a contributor to Japan's economic success after World War II?

a. Japan devotes relatively little of its economy to technological innovations.

b. There is a close cooperation between the government and private industry.

c. Japan has one large bank that promotes stability and prevents business takeovers.

d. Japanese workers at all levels have guaranteed lifetime employment.

Question

Jamari Mckay

History

28 April, 18:36

Which of the following is NOT a contributor to Japan's economic success after World War II?

a. Japan devotes relatively little of its economy to technological innovations.

b. There is a close cooperation between the government and private industry.

c. Japan has one large bank that promotes stability and prevents business takeovers.

d. Japanese workers at all levels have guaranteed lifetime employment.

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Answers (1)

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Allyson Rios · Answer 1

The correct answer here would be D - Japanese workers at all levels have guaranteed lifetime employment.

The reason why this is wrong and it didn't contribute to Japan's economic success following World War II was because they did invest a lot of its economy to technological innovations and there was a close cooperation between governmentand the private industry. Furthermore, there was a central bank promoting stability and preventing business takeovers. Having people that have a guaranted lifetime employment, however, can make people lazy and less motivated to work.