What contributed to the growth of Japan's economy following WW2?

1)a decrease of exported goods
2) new factories with modern technology
3) a poorly educated workforce
4) fewer loans being given to businesses

What choice do you think the answer is?

http://www.iun.edu/~hisdcl/h207_2002/jecontakeoff.htm

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The correct answer is option 2) new factories with modern technology.

To explain how to arrive at this answer, let's analyze the options one by one:

1) A decrease of exported goods: This option does not align with Japan's economic growth following World War II. In fact, Japan experienced a significant increase in exports during this period, which played a vital role in driving its economic growth.

2) New factories with modern technology: This option is accurate and directly relates to Japan's economic growth. After World War II, Japan embarked on an ambitious plan of industrialization and modernization. The country invested heavily in building new factories equipped with modern technology. This allowed Japan to enhance its productivity, increase manufacturing outputs, and gain a competitive edge in the global market.

3) A poorly educated workforce: This option is incorrect. In fact, Japan prioritized education and human capital development after World War II. The Japanese government implemented various reforms to improve the education system and provide skilled training to its workforce. This emphasis on education played a significant role in Japan's economic recovery and subsequent growth.

4) Fewer loans being given to businesses: This option is also incorrect. In the post-war period, the Japanese government actively encouraged financial institutions to provide loans to businesses to support their growth. The availability of credit helped stimulate investment and fostered economic development.

Therefore, the correct answer is option 2) new factories with modern technology, which played a crucial role in Japan's post-war economic growth.