After the Second World War, the island nation's economy was in ruins.

At that time, many people in the world thought that the country was finished, and it would definitely be ruined from now on.

However, it relied on domestic reforms and the favorable international economic and financial environment at the time.

After recovering in the late '40s and early '50s, in 1955 the island countries were able to fully recover all economic indicators and surpass pre-war levels.

Time entered the 70s of the 20th century.

The island's economy is facing external shocks, and the collapse of the Bretton Woods system has led to an appreciation of the yen, which has reduced the competitiveness of the island's exports.

The two oil crises of 1973 and 1979 had a severe impact on the economic development and operation of the island countries.

However, the island countries have shown remarkable resilience in this unfavorable international environment and successfully escaped the trap of stagflation.

"High in the Sky"

Because a long time ago, the economy of the island countries has begun to turn, from an energy-consuming economy to an energy-saving economy.

More popularly, it is to abandon heavy industry and gradually move in the direction of high technology.

Because they had anticipated an oil crisis for a long time, they had put a lot of effort into how to save fuel in advance.

After the outbreak of the oil crisis, oil prices soared, and the American people began to control their spending and began to consider buying fuel-efficient cars, while most American cars are large displacement and high fuel consumption engines, which cannot compete with Japanese and German cars.

With the successful entry of "Made in Island Countries" into the European and American markets, the trade surplus of island countries with European and American countries has expanded rapidly.

A large number of cheap goods are imported into the United States, and the products produced by the United States itself are too high to sell.

The boom in the export industry has led to the rapid development of the island country's economy, which has become the world's second largest economy after the United States.

At this time, the island country created a miracle in the history of the world economy, with unlimited scenery, and once shouted that it would buy the entire United States.

However, history tells us that if you come out to mix, you don't have hard power, and you dare to be so arrogant, and you have to repay your debts.

In 1985, under the leadership of the United States, West Germany, Britain and France forced the island nation to sign the "Plaza Accord" at the Plaza Hotel in New York.

Since then, the yen has been forced to appreciate.

Over the next three years, the yen appreciated by more than 50%, shocking the world.

The rapid appreciation of the yen has directly led to the blockage of the export products of the island countries, resulting in a large number of unsalable.

The blockage of exports was expected by the decision-makers of the island countries, but they did not expect that things would develop so quickly, and the magnitude and speed of appreciation would greatly exceed expectations.

In order to cope with the domestic economic downturn, the authorities of the island countries have adopted an expansionary financial policy in order to expand domestic demand.

Stimulated by various expansionary economic policies, the capital investment rate of enterprises in island countries has remained at a high level for several consecutive years.

However, a large amount of excess money did not fully enter the field of production, but drove up the prices of assets such as stocks and real estate.

The myth of land and the stock market has caused the asset value of more households to rise, the value of enterprises to rise, and excessive optimistic expectations have led to excessive consumption and excessive investment.

The biggest economic bubble in the history of the island nation was formed.

Due to the long-term appreciation of the yen, export industries such as machinery, automobiles, and electronics have been suffering and are moving overseas.

The hollowing out of the real economy of island countries is becoming increasingly prominent.

In 1992, the bubble economy of the island countries burst.

After the bursting of the bubble economy, the real industry of the island countries also suffered a major blow.

Businesses have been blocked from obtaining funding.

As a result, in the following years, the number of enterprises in the island country that closed down every year was more than 10,000.

Back in 1998, one day in mid-September.

A luxury stretched Lincoln, followed by a Mercedes-Benz, is speeding towards the southwest of the island nation.

The destination, a large machine shop in Shimane Prefecture.

The economy is sluggish, and the road along the road has not been repaired for a long time.

After several hours of jolting, two cars finally stopped at the door of this factory.

The security guard in the guard room looked at the two limousines with envy.

They didn't know which rich man's car it was, so they didn't dare to slack off, and hurriedly stepped forward to ask.

The automatic window of the cab slowly lowered, revealing a narrow-faced, high-nosed face, who was also obviously an islander.

He spoke in a Kansai accent and said in an arrogant tone: "Our boss is an American who wants to invest in Shimane Prefecture, and I heard that you are the largest machinery factory in the local area, so he came to inspect by the way, and if it is really good, he will buy it here!" ”

When the security guard heard this, it turned out to be an American, and he was immediately in awe.

The security of the island nation depends entirely on the protection of American troops stationed in the Okinawa region.

For them, the United States is not only a powerful protective umbrella, but also a god-like existence in the hearts of many island nations, which the island countries cannot compete with.

He didn't dare to hesitate for a moment, and immediately smiled into the car as if flattering, regardless of whether the other party could see it or not.

If this American tycoon really buys the factory, won't he become the other party's subordinate?

It is necessary to make a good impression on the other person.

Soon.

The phone call from the security office went directly to the office of the president (equivalent to the general manager), which immediately caused a violent commotion.

During World War II, their factory was a state-owned enterprise, but since the defeat and surrender of the island nation, their factory was privatized and eventually taken over by private owners.

Later, because of the economic revitalization of the island country, the factory also experienced a period of glory years, and various export orders were received softly.

But in recent years, the bubble economy has collapsed, and the economy of the island country is like a roller coaster, with ups and downs, and enterprises have been living like a year, and the situation has deteriorated.

Their factories are still surviving and are at risk of closing down at any time.

At this time, I heard that there were American tycoons who were ready to come to buy the factory, not to mention the factory owner, even the employees up and down the factory, all of whom were smiling.

After all, this means that their factory does not have to go bankrupt, and their jobs before retirement are saved.

The factory gates opened, thousands of employees lined up to welcome them, and Lincoln cars and Mercedes cars slowly passed in front of them to receive a warm welcome.

This scene, if you roll out the red carpet again, flowers or something, it will be no different from welcoming state guests.

Seven or eight years earlier, at the height of their factory's glory, there would have been more than twice as many workers.

It's just that with the bursting of the economic bubble, many workers have been laid off, and if the rich man had come two years later, the equipment in the factory would have been dismantled and sold.

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