Collège De France (général)

Philippe AghionCollège de FranceÉconomie des institutions, de l'innovation et de la croissanceAnnée 2025-2026Conférence - Takeo Hoshi : Rapid Growth and Long StagnationTakeo Hoshi est invité par l'assemblée du Collège de France sur proposition du Pr Philippe Aghion.Takeo Hoshi : Professeur d'économie et directeur du Tokyo College, université de TokyoRésuméJapan's postwar economic growth is often described as a miracle, and for good reason. Having suffered immense destruction during the Second World War—with roughly one quarter of its national wealth and production facilities lost—the country emerged from devastation and rebuilt rapidly. Early stabilization policies, such as the Dodge Plan, helped curb postwar hyperinflation, and the outbreak of the Korean War in 1950 brought a surge of demand for Japanese goods. This laid the foundation for what became known as the rapid economic growth period.Between 1950 and 1973, Japan's real GNP expanded at an average annual rate exceeding 9 percent. Growth accounting exe