Asked by: Jonnie Edu
asked in category: General Last Updated: 9th April, 2020

Which nation became an economic power in Asia after ww2?

Japan solidified democracy and became the first country in Asia to enjoy “prosperity”, through its recovery from the ashes of war and achieving high economic growth. It also overcame environmental and social problems and created a social system for safe and secure daily life.

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Similarly, you may ask, which nation became an economic power in Asia after World War 2?

Japan's

Beside above, how did the economy change after ww2? As the Cold War unfolded in the decade and a half after World War II, the United States experienced phenomenal economic growth. The war brought the return of prosperity, and in the postwar period the United States consolidated its position as the world's richest country. The growth had different sources.

Herein, what kind of economy does Asia have?

Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world.

Which country has the best economy in Asia?

  • Islamic Republic of Iran.
  • Taiwan Province of China.
  • Saudi Arabia.
  • Indonesia.
  • South Korea.
  • India.
  • Japan. With a GDP of $4.73trn, Japan is the second largest economy in Asia.
  • China. Ranking as the number two economy in the world, China is consistently the highest-ranking country in Asia based on the GDP.

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