Phoenixes of the World Economy: The Economic Revival of Germany and Japan After 1945

In 1945, Germany and Japan suffered a crushing defeat in World War II, but by 1960 they ranked second and fifth in the world by the size of their economies. How did these two countries manage to restore their war-torn economies and transform into prosperous states? What lies behind the German and Japanese economic miracle?

Historian Raymond Stokes answers these questions by comparing the developmental paths of Germany and Japan, finding unexpected parallels. He pays attention to both individual people and companies, as well as the broader political and economic context. Stokes' detailed yet simply written book provides insights into the post-war era and offers a fresh perspective on events. It serves as an important reminder that even after chaos and devastation, hope and renewal are possible.