Tuesday, December 11, 2012

The Boom

When Tokyo was announced to hold the Olympics games, they were determined to use it to their advantage. By promotiong public investments they realized exactly what this could do for them. The gocernment constructed The Plan of Doubling National Income, this was to be done through basic constructions. These basic constructions led to a prompt developement of manufacturing, construction, service transportation and communication. The annual growth rate of Japan's GDP after holding the games dramatically increased from 10.1% to 26.1%. Their total amount of GDP was more than those of some advanced countries in Europe; such as England, France and Western German. The Olympic games boosted Japan up to the second economy in the world. This incredible amount of prosperity is known as The Boom of Tokyo 1964 Olympic Games.

 



Information:
http://nccuir.lib.nccu.edu.tw/bitstream/140.119/37406/8/803008.pdf

Photo:
http://www.flickr.com/photos/smithsoniannmai/7251671690/

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