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of the pre-WWII period, Japan's real GNP per worker was not much more than a third of that of the U.S., with falling … barrier, Japan's prewar GNP per worker would have been close to a half of the U.S. The labor barrier existed because, we argue …
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Main description: Richard Smethurst shows that the growth of a rural market economy did not impoverish the Japanese farmer. Instead, it led to a general increase in rural prosperity.Originally published in 1986.The Princeton Legacy Library uses the latest print-on-demand technology to again make...
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