Booth identifies the following 10 p

Booth identifies the following 10 phases:
• 1) 1830-1870 rapid export growth, slowing down after 1840
• 2) 1870-1900 policy reforms but sluggish growth
• 3) 1900-1930 ethical policy and export expansion
• 4) 1930-1942 world depression leading to contraction of export volume
• 5) 1942-1950 Japanese occupation and independence struggle (harming economic performance)
• 6) 1950-1958 rehabilitation of the economy, output growth
• 7) 1958-1966 declining per capita GDP, structural retrogression
• 8) 1966-1973 economic recovery
• 9) 1973-1981 the oil boom period
• 10) 1981-1990 non-oil exports production leading to output growth economic performance)