MITI and the Japanese Miracle: The Growth of Industrial Policy

Would you like to own a Japanese car, laptop, or camera? Who wouldn't! But do you know what made the Japanese economic miracle possible — the transformation of a war-torn nation into the second-largest economy in the world?

Chalmers Johnson reveals that Japan’s “miracle” was no accident. It was the result of meticulous planning and collaboration between professional government institutions and the private sector. At the core of this transformation was Japan’s Ministry of International Trade and Industry (MITI), which helped guide strategic economic decisions behind closed doors.

A must-read for anyone interested in economic history, industrial strategy, or the lessons Japan offers to countries like Ukraine today.