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One notable example of how capitalism and socialism can coexist and promote economic modernization is Japan. Japan adopted a mixed economy model after World War
One notable example of how capitalism and socialism can coexist and promote economic modernization is Japan. Japan adopted a mixed economy model after World War II, with the government playing a key role in directing industrial policy and assisting strategic industries. Japan's economy grew quickly thanks to focused investment, the construction of infrastructure, and cooperation between the public and private sectors; by the 1970s, it was among the most industrialized countries in the world
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