The Accumulation Process in Japan and East Asia as Compared with the Role of Germany in European Post-War Growth
This paper argues that accumulation and growth both in Europe and Asia has been sustained by external factors represented by the international level of public expenditure generated by the United States mostly for military and political reasons. Both areas, although through different mechanisms, tended towards stagnation when they increasingly depended upon the oligopolistic macroeconomics of Germany and Japan.
N44 - Europe: 1913- ; N45 - Asia including Middle East ; O49 - Economic Growth and Aggregate Productivity. Other ; O52 - Europe ; O53 - Asia including Middle East