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Author: Koichi Hamada
Publisher: Taylor & Francis
ISBN: 1136738657
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation. Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country’s peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development. The relationship between various dimensions of its domestic policy experience and Japan’s international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.
Author: Koichi Hamada
Publisher: Taylor & Francis
ISBN: 1136738657
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation. Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country’s peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development. The relationship between various dimensions of its domestic policy experience and Japan’s international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.
Author: W. R. Garside
Publisher: Edward Elgar Publishing
ISBN: 0857938223
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
'Recent events have rendered Japan's lost decades all the more relevant to the rest of us. Rick Garside, in this wide-ranging and accessible account, explores the political economy of Japan's great stagnation with an eye toward describing how other advanced economies can avoid going down the same path.' – Barry Eichengreen, University of California, Berkeley, US 'Professor Garside's timely book transcends the national preoccupation suggested by its title. From one viewpoint this is a case study (admittedly on a grand scale) of the experience of one country in one historical period. But in analyzing the dynamic relationship between Japan's post-war economic miracle and its chronic stagnation from the 1990's he offers a penetrating insight into the links between profound and embedded institutional and ideological influences, global upheaval, and almost disastrous national economic performance. Hence, Japan's Great Stagnation – the unfolding story of that country's declining experience from masterful economic power to seeming economic paralysis – provides us with an all-too familiar scenario with which to approach the contemporaneous ills of the world's developed economies. The interaction between banking crises, unwieldy institutions (especially, but not only, financial institutions), policy frailties, and stagnating demand – all conspired to create crisis and then handicap or prevent recovery. And the familiarity of the story is aggravated by the global financial crisis which now threatens to engulf us. History never fully repeats itself, but Professor Garside's illuminating examination of Japan's recent experiences must surely provide important points of relevance for the world's current malaise. He is to be congratulated on the depth and scope of what he has achieved – and for its relevance to what we are experiencing.' – Barry Supple, University of Cambridge, UK This timely book presents a critical examination of the developmental premises of Japan's high-growth success and its subsequent drift into recession, stagnation and piecemeal reform. The country, which within a few decades of wartime defeat mounted a serious challenge to American hegemony, appeared incapable of fully adjusting to shifting economic circumstance once the impulses of catch-up growth and the good fortune of an accommodating international environment faded. The banking crises, spiralling government debt, and stagnant growth experienced by major industrialized nations in recent years have evoked renewed interest in Japan's economic denouement since the 1990s. To many, Japan's drift into recession and financial crisis during the early 1990s, and later into stagnation and prolonged deflation, demonstrated precisely what not to do when fashioning remedial policy. This book details the legacies of Japan's high-growth success and how they affected Japan's capacity to cope with shifting national and international circumstance from the 1980s. It reviews the contentious debates over the causes and consequences of the 'bubble economy' and the 'lost decade', and assesses the extent to which reforms since 1997 have been compromised by lingering attachments to Japan's distinctive post-war political economy. Providing an analytical overview of both the high growth and recessionary periods and of subsequent reform agendas, this timely book will appeal to students, academics and researchers of economic history, development and politics, particularly those with an interest in Japan and Asian studies more generally.
Author: Yasushi Tanaka
Publisher: Routledge
ISBN: 1317597621
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
This book compares two countries with striking parallels in economic and political outcomes, yet with some distinct features in terms of institutional structures, relative size, and culture. Therefore, this book forms a fruitful platform for the study of the similarities and differences in the economic and societal development of Japan and Finland. Despite their geographic distance from one another and the aforementioned differences, both countries experienced rather similar economic and societal development patterns after the Second World War. The study of these societies both individually and through commonalities will provide a unique perspective on the emergence of modern economies and institutions. The book provides comprehensive coverage on issues such as welfare state formation and society, security and military spending, education system, industrial development, international trade, governmental economic policies, energy solutions, and bubbles and their collapse; thus, issues typical for these countries, as well as most modern states, studied from a longitudinal perspective. The book aims to answer a fundamental question in social science: Why do there seem to be common trends and developmental paths among countries differing in size, culture, and economic structure? This book will provide insights for those seeking to decipher how the developments in their own countries came about and where they may be headed to.
Author: T. Toyoda
Publisher: Springer
ISBN: 0230355013
Category : Political Science
Languages : en
Pages : 305
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Book Description
Written by fifteen leading academics from the Japan Society for International Development (JASID), this book undertakes a review of Japan's economic development over the last 150 years, and seeks to clarify Japanese priorities in domestic and foreign policy for the coming decades.
Author: Edward M Feasel
Publisher: Routledge
ISBN: 1317629043
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
In the twentieth century Japan emerged as one of the world’s leading economic powers: rising from wartime destruction to a leading economic engine in world markets. Japan’s economic aid policy, beginning with war reparations following its defeat in World War II, became a vehicle to help achieve this economic success. As the country continued to flourish, economic aid also became a means of expanding the country’s influence in an era of increasing globalization, providing an alternative strategy for helping developing nations escape the traps of poverty: a strategy drawn from its own experience of reemergence. And as we stand at the beginning of a new century, Japanese aid policy may also serve as a potential model for other nations who are on the cusp of entering high-income status and the group of elite world donors: a model that in many ways lies in contrast to policies espoused by other advanced Western nations. The book Japan’s Aid examines the strengths and weaknesses of Japanese aid policy in all of these dimensions: in fostering economic growth in both its own economic success story and in the numerous countries to which it has served as the single largest bilateral donor over many years; and as a policy that other nations might emulate. Through a combination of insightful case studies and rigorous econometric investigation, the book presents a comprehensive examination of the pros and cons of Japan’s aid.
Author: Wang Yongqin
Publisher: Routledge
ISBN: 113501504X
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
The last three decades has witnessed miraculous economic growth of China. What has accounted for its miracle? What is the nature and future of the Chinese model? Is it unique? This book presents an analytical framework to demystify China's economic growth miracle. The book suggests that interlinked and relational contracts between the agents (in particular, between the state and the business) can compensate for flawed markets to achieve high growth. This kind of relational capitalism is significant in the investment-based stage of development, when mobilization of resources to exploit the existing technologies is key for growth. The book presents a general theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness. The process of economic development and modernization can be looked at fruitfully from two perspectives: the markets and the institutions and their interactions. The book stresses the critical fit between the development stage and the governance for a country's economic transition and development and thus the idea of "appropriate institutions".
Author: Willem Thorbecke
Publisher: Cambridge University Press
ISBN: 1009216856
Category : Business & Economics
Languages : en
Pages : 149
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Book Description
The lion's share of smartphones, computers, televisions, semiconductor devices, and other electronics goods is made in East Asia. Final electronics goods are assembled in China, and sophisticated parts and components (P&C) such as semiconductor chips, image sensors, and ceramic filters in upstream Asian economies such as Japan, South Korea, and Taiwan. How did Asia become the center of electronics manufacturing? How did learning take place that allowed Asian workers to produce cutting-edge products? Are there lessons for countries like the US that seek to reshore manufacturing of semiconductors, flat-panel displays, and related products? This Element addresses these issues.
Author: Byoung-Hoon Lee
Publisher: Routledge
ISBN: 0429576080
Category : Business & Economics
Languages : en
Pages : 367
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Book Description
Recent developments in the world economy, including deindustrialisation and the digital revolution, have led to an increasingly individualistic relationship between workers and employers, which in turn has weakened labour movements and worker representation. However, this process is not universal, including in some countries of Asia, where trade unions are closely aligned with the interests of the dominant political party and the state. This book considers the many challenges facing trade unions and worker representation in a wide range of Asian countries. For each country, full background is given on how trade unions and other forms of worker representation have arisen. Key questions then considered include the challenges facing trade unions and worker representation in each country, the extent to which these are a result of global or local developments and the actions being taken by trade unions and worker representative bodies to cope with the challenges. This book is dedicated to the memory of Professor Keith Thurley, London School of Economics.
Author: Makoto Hirano
Publisher: Routledge
ISBN: 0415694418
Category : Business & Economics
Languages : en
Pages : 122
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Book Description
First Published in 2012. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Akira Kohsaka
Publisher: Routledge
ISBN: 0415524229
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
First Published in 2013. Routledge is an imprint of Taylor & Francis, an informa company.
