Author: Richard Katz
Publisher: Routledge
ISBN: 1000161285
Category : Business & Economics
Languages : en
Pages : 371
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Book Description
Japan will recover and its economic achievements will once again earn the world's admiration, with sustained annual growth of three percent, perhaps more, well within reach. This is the confident forecast that begins Japanese Phoenix: The Long Road to Economic Revival by the author of Japan: The System That Soured, which several years ago accurately predicted Japan's current travails at a time when others were prematurely pronouncing full recovery. Katz warns however that there is bad news to go with the good. So deep-seated are Japan's dysfunctions that, even if it did everything right today, it would take at least five years for truly vibrant growth to take hold. But Japan will not do everything right. Opposition to reform is deep-seated and a myriad of vested interests and millions of jobs are at stake. Still he notes, there is little doubt that reform will succeed. Japanese Phoenix tells the story of the struggle between the forces of reform and the forces of resistance. It dissects Prime Minister Koizumi's role in the process, and explains why Japan is in so much trouble and what needs to be done. It explore the debates among economists and gives a careful progress report on all the moves made so far in the name of reform - from greater direct foreign investment, to the financial "Big Bang", to ending one-party rule by the Liberal Democratic Party. Katz concludes that this is just the second round of a 15-round fight. Japan is a great nation currently trapped in obsolete institutions. As it has before, Japan will find a way to surmount its problems and regain its forward progress.
Author: Jonathan Kirshner
Publisher: Routledge
ISBN: 1135917299
Category : Political Science
Languages : en
Pages : 362
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Book Description
In this book, top scholars of international relations assess the consequences of globalization for national security, identifying three distinct ‘processes’ of globalization - the intensification of economic exchange, the flow of information, and marketization (the expansion of the set of social relations governed by market forces)-exploring how they can affect the capacity and power of states as well as conflict within and among them. Though much has been written on the topics of globalization and national security, there has been relatively little in the way of a systematic examination of the impact that globalization has on a state's national security. These essays deal with how state-less actors, such as terrorists, utilize the benefits of globalization, changing the nature of the security game. Failure to account for the influence of globalization will make it increasingly difficult to understand changes in the balance of power, prospects for war, and strategic choices embraced by states.
Author: Paul Dunscomb
Publisher: Taylor & Francis
ISBN: 1000992667
Category : History
Languages : en
Pages : 232
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Book Description
This book examines Japan’s Heisei era through the lens of the crisis in Japanese professional baseball of 2004, challenging the narrative of decline that dominates the discourse on the period. The story of this crisis reveals much about the Japanese psyche during the “Lost Decade,” about the nature of change during Heisei Japan and of the nation’s resilience. The business of professional baseball provides crucial insights as it achieved its basic form at the same time as Japan’s postwar political economy, and shared many characteristics with it, including systemic inefficiencies that post-“bubble” Japan could no longer sustain. The book traces how the crisis unfolded and the cast of characters who appeared during it (including team owners, players, IT entrepreneurs and ordinary fans), revealing much about the push and pull of continuity and change in Japan. Featuring an in-depth analysis of the key participants and developments of the crisis in baseball, this book will be a valuable resource for students and scholars of sports management, Japanese history and Japanese culture, particularly of the Heisei era.
Author: Herman M. Schwartz
Publisher: Cornell University Press
ISBN: 0801459273
Category : Political Science
Languages : en
Pages : 277
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Book Description
In his exceedingly timely and innovative look at the ramifications of the collapse of the U.S. housing market, Herman M. Schwartz makes the case that worldwide, U.S. growth and power over the last twenty years has depended in large part on domestic housing markets. Mortgage-based securities attracted a cascade of overseas capital into the U.S. economy. High levels of private home ownership, particularly in the United States and the United Kingdom, have helped pull in a disproportionately large share of world capital flows.As events since mid-2008 have made clear, mortgage lenders became ever more eager to extend housing loans, for the more mortgage packages they securitized, the higher their profits. As a result, they were dangerously inventive in creating new mortgage products, notably adjustable-rate and subprime mortgages, to attract new, mainly first-time, buyers into the housing market. However, mortgage-based instruments work only when confidence in the mortgage system is maintained. Regulatory failures in the American S&L sector, the accounting crisis that led to the extinction of Arthur Andersen, and the subprime crisis that destroyed Lehman Brothers and Merrill Lynch and damaged many other big financial institutions have jeopardized a significant engine of economic growth. Schwartz concentrates on the impact of U.S. regulatory failure on the international economy. He argues that the "local" problem of the housing crisis carries substantial and ongoing risks for U.S. economic health, the continuing primacy of the U.S. dollar in international financial circles, and U.S. hegemony in the world system.
Author: Kathryn Ibata-Arens
Publisher: Cambridge University Press
ISBN: 1139448765
Category : Business & Economics
Languages : en
Pages : 269
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Book Description
Japan's innovators and entrepreneurs are a real success story against the odds, surviving recession in the 1990s to prosper in today's competitive business environment. Innovation and Entrepreneurship in Japan explores the struggles of entrepreneurs and civic-minded local leaders in fostering innovative activity, and identifies key business lessons for an economy in need of dynamic change. Ibata-Arens offers in-depth analysis of strategy in firms, communities and in local government. Innovation and Entrepreneurship in Japan examines detailed case studies of high-technology manufacturers in Kyoto, Osaka and Tokyo, as well as bio-tech clusters in America - demonstrating far-reaching innovation and competition effects in national institutions, and firms embedded within local and regional institutions. The book is essential reading for academics and students of business, economics, political economy, political science, and sociology. It will also appeal to investors, entrepreneurs and community development organisations seeking new perspectives on global competition and entrepreneurship in high-technology enterprises.
Author: Louis D. Hayes
Publisher: Routledge
ISBN: 1351998323
Category : Political Science
Languages : en
Pages : 385
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Book Description
Introduction to Japanese Politics, now in its fully updated sixth edition, is a comprehensive and current review of political and public policy developments in Japan. Since the previous edition, Japan’s economic policy has undergone significant change with a prolonged period of deflation having altered the dynamics of the Japanese economy. At the same time, the Abe administration has expanded Japan’s international security participation, previously limited by the constitution, while China’s activities in the South China Sea have impinged upon Japan’s territorial claims. This classic introduction to the Japanese political system has been revised and fully updated in this sixth edition to take into account these widespread changes in the country's political life. Building on the structure and content of the previous edition, this new edition covers: An overview of Japan's geographical setting and history Japan’s political institutions, processes, and actors Recent organizational, ideological, and policy changes in the LDP since its return to power The country's distinctive social order and its educational, healthcare, and public safety systems The increasingly contentious realm of foreign relations and security issues, including China's expanding role and the effect of North Korea’s development of nuclear weapons. This broad-ranging textbook continues to be essential reading for students of Japanese politics, international politics and Japanese studies.
Author: Benjamin Hermalin
Publisher: Elsevier
ISBN: 0444635408
Category : Business & Economics
Languages : en
Pages : 762
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Book Description
The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. - Concentrates on underlying principles that change little, even as the empirical literature moves on - Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces - Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field's substantive findings, all of which help point the way forward
Author: Leonard J. Schoppa
Publisher: Cornell University Press
ISBN: 0801461804
Category : Political Science
Languages : en
Pages : 266
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Book Description
Contrary to all expectations, Japan's long-term recession has provoked no sustained political movement to replace the nation's malfunctioning economic structure. The country's basic social contract has so far proved resistant to reform, even in the face of persistently adverse conditions. In Race for the Exits, Leonard J. Schoppa explains why it has endured and how long it can last. The postwar Japanese system of "convoy capitalism" traded lifetime employment for male workers against government support for industry and the private (female) provision of care for children and the elderly. Two social groups bore a particularly heavy burden in providing for the social protection of the weak and dependent: large firms, which committed to keeping their core workforce on the payroll even in slow times, and women, who stayed home to care for their homes and families. Using the exit-voice framework made famous by Albert Hirschman, Schoppa argues that both groups have chosen "exit" rather than "voice," depriving the political process of the energy needed to propel necessary reforms in the system. Instead of fighting for reform, firms slowly shift jobs overseas, and many women abandon hopes of accommodating both family and career. Over time, however, these trends have placed growing economic and demographic pressures on the social contract. As industries reduce their domestic operations, the Japanese economy is further diminished. Japan has also experienced a "baby bust" as women opt out of motherhood. Schoppa suggests that a radical break with the Japanese social contract of the past is becoming inevitable as the system slowly and quietly unravels.
Author: R. Taggart Murphy
Publisher: Oxford University Press
ISBN: 0199865876
Category : Political Science
Languages : en
Pages : 473
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Book Description
Japan is one of the world's wealthiest and most technologically advanced nations, and its rapid ascent to global power status after 1853 remains one of the most remarkable stories in modern world history. Yet it has not been an easy path; military catastrophe, political atrophy, and economic upheavals have made regular appearances from the feudal era to the present. Today, Japan is seen as a has-been with a sluggish economy, an aging population, dysfunctional politics, and a business landscape dominated by yesterday's champions. Though it is supposed to be America's strongest ally in the Asia-Pacific region, it has almost entirely disappeared from the American radar screen. In Japan and the Shackles of the Past, R. Taggart Murphy places the current troubles of Japan in a sweeping historical context, moving deftly from early feudal times to the modern age that began with the Meiji Restoration. Combining fascinating analyses of Japanese culture and society over the centuries with hard-headed accounts of Japan's numerous political regimes, Murphy not only reshapes our understanding of Japanese history, but of Japan's place in the contemporary world. He concedes that Japan has indeed been out of sight and out of mind in recent decades, but contends that this is already changing. Political and economic developments in Japan today risk upheaval in the pivotal arena of Northeast Asia, inviting comparisons with Europe on the eve of the First World War. America's half-completed effort to remake Japan in the late 1940s is unraveling, and the American foreign policy and defense establishment is directly culpable for what has happened. The one apparent exception to Japan's malaise is the vitality of its pop culture, but it's actually no exception at all; rather, it provides critical clues to what is going on now. With insights into everything from Japan's politics and economics to the texture of daily life, gender relations, the changing business landscape, and popular and high culture, Japan and the Shackles of the Past is the indispensable guide to understanding Japan in all its complexity.
Author: Gregory P. Corning
Publisher: Routledge
ISBN: 1315498804
Category : History
Languages : en
Pages : 265
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Book Description
"Techno-globalism" is the term used by policymakers to describe the process of opening government and Research and Development programs to foreign participation. This book focuses on Japan's approach to techno-globalism, in particular the policies of the Ministry of International Trade and Industry (MITI). It also explores the politics underlying the approach to this issue in the triad of leading R&D centers - Japan, the United States, and the European Union. The author examines various theoretical approaches to the political economy of globalization, and he describes systems of innovation in Japan, the United States, and the European Union, emphasizing research linkages among forms, national labs, and universities.
