“How Japan Almost Surpassed the U.S. in Economic Size” — the second lecture from Pavel Usanov’s course “The Wealth of Nations: Five Stories of Economic Success”

“How Japan Almost Surpassed the U.S. in Economic Size” — the second lecture from Pavel Usanov’s course “The Wealth of Nations: Five Stories of Economic Success”

In the second lecture of the course, we will explore the Japanese economic miracle — how a country that lost World War II became, by the late 1980s, one of the leaders of the global economy and a trendsetter worldwide.

Japan’s success was so remarkable that Ronald Reagan and other Western politicians seriously feared that the U.S. would lose the economic race unless it adopted Japanese management practices.