Japanese Miracle and Uzbek Development Model: Comparative Study of Development Paths

Abstract

Japanese miracle is the primary exemplary of developing nations to find out ways of economic growth and development-led policies. Evolution of modern Japanese economy comprises the time frame from post-war devastated system of 1945 to a leading economic power of global economy of current millennium. Japanese development path possesses several lessons for developing and transition economies to follow and at least consider in transformation of economic system. This article compares the Japanese miracle and Uzbek model and examines the applicability of Japanese development measures to further economic growth of Uzbekistan.

Keywords: Japanese miracle, Uzbek development model, post-war recovery.