The World Economic Crisis and Japanese Capitalism

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Publisher : Springer
ISBN 13 : 1349210846
Total Pages : 278 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The World Economic Crisis and Japanese Capitalism by : Makoto Itoh

Download or read book The World Economic Crisis and Japanese Capitalism written by Makoto Itoh and published by Springer. This book was released on 1990-11-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current world economic crisis and its impact on Japanese capitalism contains many paradoxes. After the historical conditions of continuous growth under US economic hegemony broke down, generating a global economic crisis from the beginning of the 1970s, the restructuring of capitalism through the 'information revolution' seems paradoxically to be causing a historical reverse in social conditions of over a century. Although the Japanese economy is often regarded as an exceptionally successful economy it is not immune from the crisis. The process of restrengthening Japanese competitive power has weakened the social position of Japanese workers. This book offers a stimulating analysis of the dynamics of the world and Japanese economy. The author's previous book The Basic Theory of Capitalism gives a solid theoretical basis for the treatment of the current crisis in this present study.

The Great Transformation of Japanese Capitalism

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Publisher : Routledge
ISBN 13 : 1317974964
Total Pages : 236 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Great Transformation of Japanese Capitalism by : Sébastien Lechevalier

Download or read book The Great Transformation of Japanese Capitalism written by Sébastien Lechevalier and published by Routledge. This book was released on 2014-02-05 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s the performance of Japan’s economy was an international success story, and led many economists to suggest that the 1990s would be a Japanese decade. Today, however, the dominant view is that Japan is inescapably on a downward slope. Rather than focusing on the evolution of the performance of Japanese capitalism, this book reflects on the changes that it has experienced over the past 30 years, and presents a comprehensive analysis of the great transformation of Japanese capitalism from the heights of the 1980s, through the lost decades of the 1990s, and well into the 21st century. This book posits an alternative analysis of the Japanese economic trajectory since the early 1980s, and argues that whereas policies inspired by neo-liberalism have been presented as a solution to the Japanese crisis, these policies have in fact been one of the causes of the problems that Japan has faced over the past 30 years. Crucially, this book seeks to understand the institutional and organisational changes that have characterised Japanese capitalism since the 1980s, and to highlight in comparative perspective, with reference to the ‘neo-liberal moment’, the nature of the transformation of Japanese capitalism. Indeed, the arguments presented in this book go well beyond Japan itself, and examine the diversity of capitalism, notably in continental Europe, which has experienced problems that in many ways are also comparable to those of Japan. The Great Transformation of Japanese Capitalism will appeal to students and scholars of both Japanese politics and economics, as well as those interested in comparative political economy.

Japan Remodeled

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Publisher : Cornell University Press
ISBN 13 : 9780801473715
Total Pages : 276 pages
Book Rating : 4.4/5 (737 download)

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Book Synopsis Japan Remodeled by : Steven Kent Vogel

Download or read book Japan Remodeled written by Steven Kent Vogel and published by Cornell University Press. This book was released on 2006 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japan's past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fact enacted substantial reforms. Yet Japan never emulated the American model. As government officials and industry leaders scrutinized their options, they selected reforms to modify or reinforce preexisting institutions rather than to abandon them. In Japan Remodeled, Steven Vogel explains the nature and extent of these reforms and why they were enacted.Vogel demonstrates how government and industry have devised innovative solutions. The cumulative result of many small adjustments is, he argues, an emerging Japan that has a substantially redesigned economic model characterized by more selectivity in business partnerships, more differentiation across sectors and companies, and more openness to foreign players.

Value and Crisis

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Publisher : Monthly Review Press
ISBN 13 : 1583678999
Total Pages : 304 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis Value and Crisis by : Makoto Itoh

Download or read book Value and Crisis written by Makoto Itoh and published by Monthly Review Press. This book was released on 2020-12-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes Japanese contributions to Marxist theory Marxist economic thought has had a long and distinguished history in Japan, dating back to the First World War. When interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx’s Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh’s Value and Crisis began to chronicle these Japanese contributions to Marxist theory, discussing in particular views on Marx’s theories of value and crisis, and problems of Marx’s theory of market value. Now, in a second edition of his book, Itoh deepens his study Marx’s theories of value and crisis, as an essential reference point from which to analyze the multiple crises that have arisen during the past four decades of neoliberalism. One contribution of the original Value and Crisis was to bridge Japan and the world in the field of Marxian political economy. Itoh’s second edition demonstrates an even wider-ranging familiarity with major schools of Marxist thought, summarizing and assessing viewpoints of such theorists as Hilferding, Bauer, Kautsky, Bukharin, Luxemburg, Grossman, Sweezy, the Japanese Marxist Kozo Uno, together with the relevant parts of Capital and a section on the 1930’s Great Depression. Given today’s current emergencies of world capitalism and socialism, says Itoh, we need to work together to resolve new global problems, articulating new issues of Marx’s theories of value and crisis. The promise of Marx’s theories has not waned. If anything—given the failure of Soviet-style socialism and the catastrophe of neoliberalism—it grows daily.

Japan's Financial Crisis

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Publisher : Princeton University Press
ISBN 13 : 1400849632
Total Pages : 392 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Japan's Financial Crisis by : Jennifer Amyx

Download or read book Japan's Financial Crisis written by Jennifer Amyx and published by Princeton University Press. This book was released on 2013-10-31 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change. The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks"--with disastrous results.

Welfare and Capitalism in Postwar Japan

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Publisher : Cambridge University Press
ISBN 13 : 1139471929
Total Pages : 344 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Welfare and Capitalism in Postwar Japan by : Margarita Estevez-Abe

Download or read book Welfare and Capitalism in Postwar Japan written by Margarita Estevez-Abe and published by Cambridge University Press. This book was released on 2008-07-21 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how postwar Japan managed to achieve a highly egalitarian form of capitalism despite meager social spending. Estevez-Abe develops an institutional, rational-choice model to solve this puzzle. She shows how Japan's electoral system generated incentives that led political actors to protect various groups that lost out in market competition. She explains how Japan's postwar welfare state relied upon various alternatives to orthodox social spending programs. The initial postwar success of Japan's political economy has given way to periods of crisis and reform. This book follows this story up to the present day. Estevez-Abe shows how the current electoral system renders obsolete the old form of social protection. She argues that institutionally Japan now resembles Britain and predicts that Japan's welfare system will also come to resemble Britain's. Japan thus faces a more market-oriented society and less equality.

Contemporary Capitalism and Civil Society

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Publisher : Springer
ISBN 13 : 981130517X
Total Pages : 234 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Contemporary Capitalism and Civil Society by : Toshio Yamada

Download or read book Contemporary Capitalism and Civil Society written by Toshio Yamada and published by Springer. This book was released on 2018-08-15 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to analyzing contemporary capitalism both in Japan and in the world economy by using the theoretical framework of the French régulation theory and by revisiting the theory of civil society in postwar Japan. The Japanese theory of civil society proposed unique thinking about “freedom and equality” and “human rights” in the postwar era but could not help to come up with effective concepts for an economic analysis of that capitalism of the period. On the other hand, the régulation theory born in the 1970s is well known by its definition of postwar capitalism as Fordism, based on the elaboration of a new conceptual framework, but it soon proved unable to directly explain Japan’s experience by that central concept of Fordism. Inspired by consideration of Japanese civil society and also by the regulationist framework, the author has forged new analytical concepts such as “companyism” to understand Japanese capitalism including the recent “lost decades”, and he elaborates more carefully the concepts of “growth regime” and “institutional change” to grasp the dynamics of the world economy including today’s neoliberal trend. The original benefits of the book consist in 1) reviving a Japanese theory of civil society in the postwar period, 2) applying the régulation theory to the analysis of contemporary Japan, and 3) offering theoretical reflections on the conception of the world economy. Consequently, the author pays special attention to the relationship between the political and the economic as well as regulationist tools and the theory of civil society’s perspective. The principal message of the book is that capitalism or the market economy must be supported by a sound civil society.

Marxism and the Crisis of Development in Prewar Japan

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Publisher : Princeton University Press
ISBN 13 : 1400858208
Total Pages : 421 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Marxism and the Crisis of Development in Prewar Japan by : Germaine A. Hoston

Download or read book Marxism and the Crisis of Development in Prewar Japan written by Germaine A. Hoston and published by Princeton University Press. This book was released on 2014-07-14 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is a comprehensive analysis of the Marxist debate in Japan over how capitalism developed in that country. Originally published in 1987. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Reprogramming Japan

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Publisher : Cornell University Press
ISBN 13 : 1501700855
Total Pages : 383 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Reprogramming Japan by : Marie Anchordoguy

Download or read book Reprogramming Japan written by Marie Anchordoguy and published by Cornell University Press. This book was released on 2015-09-11 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have state policies influenced the development of Japan's telecommunications, computer hardware, computer software, and semiconductor industries and their stagnation since the 1990s? Marie Anchordoguy's book examines how the performance of these industries and the economy as a whole are affected by the socially embedded nature of Japan's capitalist system, which she calls "communitarian capitalism."Reprogramming Japan shows how the institutions and policies that emerged during and after World War II to maintain communitarian norms, such as the lifetime employment system, seniority-based wages, enterprise unions, a centralized credit-based financial system, industrial groups, the main bank corporate governance system, and industrial policies, helped promote high tech industries. When conditions shifted in the 1980s and 1990s, these institutions and policies did not suit the new environment, in which technological change was rapid and unpredictable and foreign products could no longer be legally reverse-engineered.Despite economic stagnation, leaders were slow to change because of deep social commitments. Once the crisis became acute, the bureaucracy and corporate leaders started to contest and modify key institutions and practices. Rather than change at different times according to their specific economic interests, Japanese firms and the state have made similar slow, incremental changes.

Too Much Stuff

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Publisher : Policy Press
ISBN 13 : 1447335651
Total Pages : 224 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis Too Much Stuff by : Kōzō Yamamura

Download or read book Too Much Stuff written by Kōzō Yamamura and published by Policy Press. This book was released on 2017-03-02 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where has capitalism gone wrong? Why are advanced capitalist economies so sick, and why do conventional policy solutions--such as reduced taxes and increased money supply--produce only wider income disparity and inequality? We are now living in a new world in which a majority of people enjoys the highest living standard in history, acquiring more and more goods and services as necessary luxuries. But as Kozo Yamamura shows, despite our apparent lust for gourmet food and designer clothes, for larger homes, the latest gadgets, and exotic vacations, demand for these goods actually grows slowly, so relying on them to reinvigorate our economies will not succeed. With Too Much Stuff, Yamamura upends conventional capitalist wisdom to provide a new approach. He calls for increased tax-funded demand to address a range of societal needs--such as environmental concerns, social safety nets, infrastructure, and better education and housing for all. By addressing these needs, argues Yamamura, we can also take huge steps toward reducing the growing wealth gap that threatens global democracy. Both solutions-oriented and accessibly written, this book draws on fascinating case studies from the United States, Japan, and Germany, as well as convincing evidence from across the Western world, to suggest practical steps forward that we can all understand and support. Too Much Stuff boldly challenges the economic orthodoxy and, in so doing, challenges us to think outside the box for the betterment of all.

Politics, the Japanese Way

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Publisher :
ISBN 13 : 9784897880242
Total Pages : 448 pages
Book Rating : 4.8/5 (82 download)

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Book Synopsis Politics, the Japanese Way by : Jon Woronoff

Download or read book Politics, the Japanese Way written by Jon Woronoff and published by . This book was released on 1986 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Japanese Capitalism in Crisis

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Publisher : Routledge
ISBN 13 : 1134626754
Total Pages : 257 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Japanese Capitalism in Crisis by : Robert Boyer

Download or read book Japanese Capitalism in Crisis written by Robert Boyer and published by Routledge. This book was released on 2000-04-13 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is invaluable for students and researchers studying the economies of Japan and other East Asian countries as well as all those interested in patterns of boom and recession worldwide.

Financial Stabilization in Meiji Japan

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Publisher : Cornell University Press
ISBN 13 : 1501746936
Total Pages : 146 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Financial Stabilization in Meiji Japan by : Steven J. Ericson

Download or read book Financial Stabilization in Meiji Japan written by Steven J. Ericson and published by Cornell University Press. This book was released on 2020-02-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization program—a sort of precursor of the "neoliberal" reforms promoted by the IMF in the 1980s and 1990s—Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy. The Matsukata financial reform has become famous largely for the wrong reasons, and Ericson sets the record straight. He shows that Matsukata intended to pursue fiscal retrenchment and budget-balancing when he became finance minister in late 1881. Various exigencies, including foreign military crises and a worsening domestic depression, compelled him instead to increase spending by running deficits and floating public bonds. Though he drastically reduced the money supply, he combined the positive and contractionary policies of his immediate predecessors to pull off a program of "expansionary austerity" paralleling state responses to financial crisis elsewhere in the world both then and now. Through a new and much-needed recalibration of this pivotal financial reform, Financial Stabilization in Meiji Japan demonstrates that, in several ways, ranging from state-led export promotion to the creation of a government-controlled central bank, Matsukata advanced policies that were more in line with a nationalist, developmentalist approach than with a liberal economic one. Ericson shows that Matsukata Masayoshi was far from a rigid adherent of classical economic liberalism.

Origins of Japanese Wealth and Power

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Author :
Publisher : Springer
ISBN 13 : 1403982902
Total Pages : 185 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis Origins of Japanese Wealth and Power by : J. Sagers

Download or read book Origins of Japanese Wealth and Power written by J. Sagers and published by Springer. This book was released on 2006-02-04 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the trans-Meiji Restoration story of the ideological transformation that made modern capitalism possible in Japan. To illustrate this transformation, the book looks at four key architects of Meiji Japan's capitalist institutions: Okubo Toshimichi, Godai Tomoatsu, Matsukata Masayoshi and Maeda Masana.

Changing Japanese Capitalism

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Publisher : Cambridge University Press
ISBN 13 : 1139461052
Total Pages : 191 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Changing Japanese Capitalism by : Michael A. Witt

Download or read book Changing Japanese Capitalism written by Michael A. Witt and published by Cambridge University Press. This book was released on 2006-12-07 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic crisis tends to spur change in the 'rules of the game' - the 'institutions' - that govern the economic activity of firms and employees. But after more than a decade of economic pain following the burst of the Japanese Bubble Economy of the 1980s, the core institutions of Japanese capitalism have changed little. In this systematic and holistic assessment of continuity and change in the central components of Japanese capitalism, Michael A. Witt links this slow institutional change to a confluence of two factors: high levels of societal co-ordination in the Japanese political economy, and low levels of deviant behaviour at the level of individuals, firms, and organizations. He identifies social networks permeating Japanese business as a key enabler of societal co-ordination and an obstacle to deviancy, and sheds light on a pervasive but previously under-explored type of business networks, intra-industry loops. Includes a foreword by Gordon Redding.

Capital as Will and Imagination

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Publisher : Cornell University Press
ISBN 13 : 080146790X
Total Pages : 317 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Capital as Will and Imagination by : Mark D. Metzler

Download or read book Capital as Will and Imagination written by Mark D. Metzler and published by Cornell University Press. This book was released on 2013-04-15 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph Schumpeter’s conceptions of entrepreneurship, innovation, and creative destruction have been hugely influential. He pioneered the study of economic development and of technological paradigm shifts and was a forerunner of the emerging field of evolutionary economics. He is not thought of as a theorist of credit-supercharged high-speed growth, but this is what he became in postwar Japan. As Mark Metzler shows in Capital as Will and Imagination, economists and planners in postwar Japan seized upon Schumpeter’s ideas and put them directly to work. The inflationary creation of credit, as theorized by Schumpeter, was a vital but mostly unrecognized aspect of the successful stabilization of Japanese capitalism after World War II and was integral to Japan’s postwar success. It also helps to explain Japan’s bubble, and the global bubbles that have followed it. The heterodox analysis presented in Capital as Will and Imagination goes beyond the economic history of postwar Japan; it opens up a new view of the core circuits of modern capital in general.

The Reproductive Bargain

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Publisher : BRILL
ISBN 13 : 9004291482
Total Pages : 185 pages
Book Rating : 4.0/5 (42 download)

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Book Synopsis The Reproductive Bargain by : Heidi Gottfried

Download or read book The Reproductive Bargain written by Heidi Gottfried and published by BRILL. This book was released on 2015-05-19 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Reproductive Bargain reveals the institutional sources of labor insecurities behind Japan’s postwar employment system. This economic juggernaut’s decline cannot be understood without reference to the reproductive bargain. The historical terms of the reproductive bargain rests on the establishment of company citizenship in support of a standard employment relationship, privileging the male breadwinner in calculations for benefits in exchange for the salarymen working long hours in relatively secure jobs at the enterprise and relying on women’s unpaid reproductive labor in the family and increasingly on women’s waged work in nonstandard jobs. Such institutionalized relationships, formerly the engines of growth and stability, drag economic expansion and employment security. Gendering institutional analysis is a key to deciphering the enigma of Japanese capitalism.