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Published on Dec 2, 2013
Lecture Date: November 21, 2013 Speaker: Yusaku Horiuchi (Associate Professor, Government, Dartmouth College)
The postwar rise of Japan is one of the most dramatic cases of rapid economic development in modern history. While most studies attribute Japan's growth to domestic institutions and policies, this study argues that it depended upon unique international circumstances; in particular, Japan's close security relationship with the United States. Using a recently developed statistical tool -- the synthetic control method -- we show that the acceleration of Japan's growth coincided with the consolidation of the U.S.-Japan alliance. We corroborate these results with historical evidence that reveals how the alliance put Japan in a privileged economic position.