ABSTRACT
The standard authority on postwar Japanese economic reform and growth is Komiya. The agricultural land reform policies – the redistribution of land ownership rights from landlords to tillers – were drastic. In addition to variations in timing, Poland's shock therapy was less stringently implemented and its structural reforms were limited. The Ishibashi policy lingered on until 1949, when it was replaced by the shock therapy of the Dodge Program, aimed at improving economic efficiency. Competition among firms in the same industry has been keen and contributed significantly to Japan's postwar economic growth. The Polish and Japanese postwar transition strategies had elements in common. The real Gross National Product (GNP) growth rate turned positive after 1992 and inflation followed at a moderate 30–40 per cent annually, evaluated from the standpoint of other transition economies. Government and corporate net savings as shares of GNP were actually lower in Japan than in other industrialized countries, as were depreciation allowances.
