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Japanese Capitalism In Crisis
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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.
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 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to Japanese Capitalism in Crisis show that there can be a middle ground between the current extremes of the Japanese economy, and offer two proposals: a deeper understanding of long term development, and an extension of existing theory.
Book Synopsis Japanese Capitalism in Crisis by : Robert Boyer
Download or read book Japanese Capitalism in Crisis written by Robert Boyer and published by . This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The World Economic Crisis and Japanese Capitalism by : Makoto Itō
Download or read book The World Economic Crisis and Japanese Capitalism written by Makoto Itō and published by Palgrave Macmillan. This book was released on 1990 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current world economic crisis and its impact on Japanese capitalism contain many paradoxes. The restructuring of capitalism through the 'information revolution' seems, paradoxically, to be causing a historical reverse in social conditions of over a century. This book offers a stimulating analysis of the dynamics of the world and the Japanese economy.
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.
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.
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.
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.
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.
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 225 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.
Book Synopsis The Japanese Economy Reconsidered by : M. Itoh
Download or read book The Japanese Economy Reconsidered written by M. Itoh and published by Springer. This book was released on 2000-11-17 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Japanese economy has shown paradoxical changes. Its successes in forming a company-centred society generated the long downturn toward zero-growth capitalism. Successful spread of information technologies resulted in deterioration of economic life among working people and a wide fall in birth rate. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward more competitive markets rather promoted difficulties among people. A lucid reconsideration of neoliberalism through concrete Japanese experiences.
Book Synopsis The Japanese Economic Crisis by : Jon Woronoff
Download or read book The Japanese Economic Crisis written by Jon Woronoff and published by Springer. This book was released on 1996-10-01 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: `For years Jon Woronoff has been telling us that far from having devised some miraculous solution to the problems of capitalism, Japan remains vulnerable to crisis. For years he was either patronised or ignored by purveyors of the myth of the `Japanese miracle'. Now, however, the economic `bubble' has well and truly burst, the `miracle' looks more and more tarnished and Woronoff has the grim satisfaction of being able to say `I told you so.' - John Crump, University of York Even while Japan's supporters and apologists boasted of the 'miracle' economy, it was developing weaknesses and flaws which have undermined it. Growth is slowing, the labour force is aging and youngsters lack the old work ethic. Manufacturing is dwindling while inefficient services, distribution and agriculture fester. There are good companies, but many more mediocre ones, and even the best make slim profits. Meanwhile people are tired of long work hours and little leisure, high prices for virtually everything, inadequate housing, amenities and welfare, and a quality of life that is a poor reward for their sacrifices. This adds up to a crisis for many Japanese companies, individuals and society as a whole. It is a crisis that has been spreading rapidly since the collapse of the 'bubble' of the 1980s. And there is little hope that another 'miracle' can overcome the problems and put the economy back on track. More radical change is needed, the sort of change that is most unlikely to occur in Japan. This predicament is well known to the Japanese. But it is inadequately reflected in books for foreigners. That is why Jon Woronoff has written The Japanese Economic Crisis . Again he reveals the problems and failures, the facts and realities that others still miss but are indispensable if you want to understand the true situation.
Book Synopsis Japan's Response to Crisis and Change in the World Economy by : Michèle Schmiegelow
Download or read book Japan's Response to Crisis and Change in the World Economy written by Michèle Schmiegelow and published by Routledge. This book was released on 2018-10-24 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1986, after a period of global changes and financial crisis in the majority of industrialised countries, this book explores how Japan’s economy seemed to maintain its success. This study provides an overview of the Japanese case and the main schools of thought that arose from it by dealing with export-related issues such as reforms in foreign exchange and trade control laws and the internationalisation of Japan’s financial markets as well as more domestic issues such as employment and wages. This title will be of interest to students of Asian Studies and Economics.
Book Synopsis Japanese Capitalism Since 1945: Critical Perspectives by : Tessa Morris-Suzuki
Download or read book Japanese Capitalism Since 1945: Critical Perspectives written by Tessa Morris-Suzuki and published by Routledge. This book was released on 2016-07-22 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces students of the Japanese economy to a broad range of critical contemporary Marxian analyses by Japanese economists. Each of the five essays - on economic policy, agriculture, big business, labour relations, and foreign trade and investment - is written by a specialist in the field. The introduction places the essays in the wider context of contrasting theories of Japanese economic development. While such writings constitute an important part of the economic literature in Japan, virtually none of the great body of Marxian writing on Japanese capitalism has heretofore been available in English.
Book Synopsis Crisis Or Recovery in Japan by : David Bailey
Download or read book Crisis Or Recovery in Japan written by David Bailey and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores Japan's economic crisis and recovery, analysing the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model. This book covers such topics as: the relevance of Western economic models to the Japanese case; and the Japanese macro-economy and financial system.
Book Synopsis Japan’s Secular Stagnation and Beyond by : Radhika Desai
Download or read book Japan’s Secular Stagnation and Beyond written by Radhika Desai and published by Taylor & Francis. This book was released on 2023-05-08 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book re-visits the phenomenon of Japanese secular stagnation in light of the fate of the North Atlantic and developing economies and places it in a longer historical political and geopolitical economy of capitalism from a variety of political and disciplinary perspectives. Japanese capitalism, which was once an admired model of miraculous growth with a relatively egalitarian distribution of income, fell into secular stagnation in the early 1990s. The phenomenon has since fascinated observers, provoked debates, provided policy advocates with grist for the mills of a range of policy proposals, some of them mutually contradictory, and, most importantly, burdened an entire population, and particularly its young. Japan’s secular stagnation has raised new questions about policy difficulties on a range of fronts – dramatically lowered growth rate despite comparatively high investment, deteriorating labor conditions, rising class and gender inequality, a profound and many-faceted crisis of social reproduction and a deepening fiscal crisis of the state – all of which have important international ramifications. Moreover, interest in and the importance of Japan’s secular stagnation grew rapidly after 2008 as many have sought to understand the economic malaise of the North Atlantic by analogy and comparison with all or parts of the Japanese condition. The introduction and chapters in this book attempt to understand the causes, character and consequence of that original affliction. They also reflect on the meaning of Japan’s secular stagnation at this stage of development capitalism. The result contains the key to understanding the more widespread economic malaise of our time. This book will be a beneficial read for researchers and scholars of Economics and Politics interested in Japanese Studies as well as the Japanese political economy. Most of the chapters in this book were originally published as a special issue of The Japanese Political Economy. The last chapter was originally published in the Journal of Contemporary Asia.
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 2015-08-12 with total page 275 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.
