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THE ROLE OF COMPETITION IN INDUSTRIAL HISTORY OF JAPAN Japan has the most outstanding industrial development among Asian countries. It can be compared to the development in many big countries such as Germany, Britain, France and United States. However, the development of industry in Japan has its own uniqueness. Japan industrial development was mainly caused by its decision of not to be intruded by Western. In order to do that, Japan realized that they had to be more Western. When speaking about the industrial history of Japan, one of the most important things to be considered is the role of competition. The competition has become aroused especially in the postwar era of Japan. In a market economy, as commonly acknowledged, there should be individual freedom, and an acceptable economic performance could be reached by market mechanism which adjusts individual activities. Consequently, government should put into practice policies which encourage competition among companies to improve...

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