Micro-Credit in Modern Japan
Micro-Credit in Modern Japan: An Alternative Financial System for Sustainable Development
English | 2024 | ISBN: 9819769396 | 364 Pages | PDF EPUB (True) | 12 MB
English | 2024 | ISBN: 9819769396 | 364 Pages | PDF EPUB (True) | 12 MB
Japanese society believes they enjoy socio-economic equality. While industrialization tends to make gap between rich and poor, most of Japanese are proud of themselves as being middle class in the first Asian industrialized country. In fact, post WW2 Japanese economic miracle made Japan rich and equalized. High personal saving ratio supported the economic development in those days as if it’s a proof of Rostow’s take-off model. Japanese saving rate had jumped high level around the beginning of 20th century, which was the time of their industrialization taking place.