The Japanese Economy and the Way Forward

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Author :
Publisher : Springer
ISBN 13 : 0230513956
Total Pages : 211 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis The Japanese Economy and the Way Forward by : R. Tandon

Download or read book The Japanese Economy and the Way Forward written by R. Tandon and published by Springer. This book was released on 2005-06-21 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the causes of the 'lost decade' in the Japanese economy and the series of policy mistakes which lead to a deflationary environment. What will the future bring for the Japanese economy? Without reforms, the situation can only decline. The issue is that the institutions and policies that were used to drive the 'Japanese miracle' are still in place. The book argues that Japan's crisis is thus, a crisis of governance.

Japan's Great Stagnation

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 0857938223
Total Pages : 229 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Japan's Great Stagnation by : W. R. Garside

Download or read book Japan's Great Stagnation written by W. R. Garside and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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.

The Power to Compete

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Publisher : John Wiley & Sons
ISBN 13 : 1119001153
Total Pages : 242 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis The Power to Compete by : Hiroshi Mikitani

Download or read book The Power to Compete written by Hiroshi Mikitani and published by John Wiley & Sons. This book was released on 2014-10-20 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: "If you're as interested in Japan as I am, I think you'll find that The Power to Compete is a smart and thought-provoking look at the future of a fascinating country." - Bill Gates, "5 Books to Read This Summer" Father and son – entrepreneur and economist – search for Japan's economic cure The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the "Japan Disease." As founder and CEO of Rakuten, one of the world's largest Internet companies, author Hiroshi Mikitani brings an entrepreneur's perspective to bear on the country's economic stagnation. Through a freewheeling and candid conversation with his economist father, Ryoichi Mikitani, the two examine the issues facing Japan, and explore possible roadmaps to revitalization. How can Japan overhaul its economy, education system, immigration, public infrastructure, and hold its own with China? Their ideas include applying business techniques like Key Performance Indicators to fix the economy, using information technology to cut government bureaucracy, and increasing the number of foreign firms with a head office in Japan. Readers gain rare insight into Japan's future, from both academic and practical perspectives on the inside. Mikitani argues that Japan's tendency to shun international frameworks and hide from global realities is the root of the problem, while Mikitani Sr.'s background as an international economist puts the issue in perspective for a well-rounded look at today's Japan. Examine the causes of Japan's endless economic stagnation Discover the current efforts underway to enhance Japan's competitiveness Learn how free market "Abenomics" affected Japan's economy long-term See Japan's issues from the perspective of an entrepreneur and an economist Japan's malaise is seated in a number of economic, business, political, and cultural issues, and this book doesn't shy away from hot topics. More than a discussion of economics, this book is a conversation between father and son as they work through opposing perspectives to help their country find The Power to Compete.

The Japanese Economy

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Author :
Publisher :
ISBN 13 : 9789814568616
Total Pages : 153 pages
Book Rating : 4.5/5 (686 download)

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Book Synopsis The Japanese Economy by : Mitsuru Taniluchi

Download or read book The Japanese Economy written by Mitsuru Taniluchi and published by . This book was released on 2014 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Japanese Economy

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Author :
Publisher : Oxford University Press
ISBN 13 : 019870240X
Total Pages : 433 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis The Japanese Economy by : David Flath

Download or read book The Japanese Economy written by David Flath and published by Oxford University Press. This book was released on 2014 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventionally, Japan is presented as the exception to mainstream economic theory. This book attacks that notion, bringing analytical economic thought to all aspects of the most dramatic economic success story since the 1950s.

The Economic Development of Japan

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Author :
Publisher : Springer
ISBN 13 : 1349185094
Total Pages : 507 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis The Economic Development of Japan by : Ryoshin Minami

Download or read book The Economic Development of Japan written by Ryoshin Minami and published by Springer. This book was released on 1986-12-12 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Minami studies the last hundred years of Japan's remarkable economic growth from the Meiji period up to the present day. First he reveals the factors which account for Japan's successful economic take-off during the Meiji period. Secondly he explains why Japan achieved a more rapid rate of economic growth than other developed countries. This forms the major part of the book and will interest those people in the developed countries who have felt the full force of Japan's export drive and whose own industries are consequently in decline. Finally the author evaluates the results of Japan's economic growth and makes predictions for its future. The book makes a comprehensive survey of the Japanese experience in the pre- and postwar periods and points out lessons not only for developed countries but also for developing countries struggling to achieve a similar take-off.

Japan's Great Stagnation and Abenomics

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Author :
Publisher : Springer
ISBN 13 : 1137438851
Total Pages : 209 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Japan's Great Stagnation and Abenomics by : Masazumi Wakatabe

Download or read book Japan's Great Stagnation and Abenomics written by Masazumi Wakatabe and published by Springer. This book was released on 2015-04-23 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the global Great Recession continues, policymakers, economists, and the public are turning to Japenses economic revitalization for answers. Paul Krugman, Nobel laureate in Economics, once said that Japan was a "full-dress rehearsal for the current crisis." Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. Japan's Great Stagnation and Abenomics reveals the striking similarities of economic events and policies between the Great Stagnation and the current Great Recession. It also suggests possible dangers ahead and way-outs in the future. This exciting new volume is based on Wakatabe's expertise in economic history and the history of economic ideas and argues that any policy decision is related to cultural ideology. An investigation into the relationship between cultural ideology and policy helps us better understand the policy-making process.

Japanese Phoenix

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Publisher : M.E. Sharpe
ISBN 13 : 9780765632913
Total Pages : 372 pages
Book Rating : 4.6/5 (329 download)

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Book Synopsis Japanese Phoenix by : Richard Katz

Download or read book Japanese Phoenix written by Richard Katz and published by M.E. Sharpe. This book was released on 2002-11-26 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan will recover. When its economic achievements once again earn the world's admiration, its per capita GDP will grow faster, and its Information Technology revolution will prove even greater, than in the United States. As Japan brings its inefficient industries up to world benchmarks, sustained annual growth of 3 percent, perhaps more, will be 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: It will take at least ten more years to reach this promised land. And the road will be very bumpy. So deep-seated are Japan's dysfunctions that, even if it did everything right today, it would take five years for truly vibrant growth to take hold. But Japan will not do everything right today. Opposition to reform is equally 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 eventually succeed. Katz concludes that while, so far, for every step forward, there have been two steps back, this is just the second round in 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.

The Power of Productivity

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Publisher : University of Chicago Press
ISBN 13 : 0226477002
Total Pages : 373 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis The Power of Productivity by : William W. Lewis

Download or read book The Power of Productivity written by William W. Lewis and published by University of Chicago Press. This book was released on 2005-09-01 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: The disparity between rich and poor countries is the most serious, intractable problem facing the world today. The chronic poverty of many nations affects more than the citizens and economies of those nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts. To address this tenacious poverty, a vast array of international institutions has pumped billions of dollars into these nations in recent decades, yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poor countries. What isn't working? And how can we fix it? The Power of Productivity provides powerful and controversial answers to these questions. William W. Lewis, the director emeritus of the McKinsey Global Institute, here draws on extensive microeconomic studies of thirteen nations over twelve years—conducted by the Institute itself—to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. Lewis's research, which included studying everything from state-of-the-art auto makers to black-market street vendors and mom-and-pop stores, conclusively demonstrates that, contrary to popular belief, providing more capital to poor nations is not the best way to help them. Nor is improving levels of education, exchange-rate flexibility, or government solvency enough. Rather, the key to improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and protecting consumer rights. As The Power of Productivity explains, this sweeping solution affects the economies of poor nations at all levels—from the viability of major industries to how the average consumer thinks about his or her purchases. Policies must be enacted in developing nations that reflect a consumer rather than a producer mindset and an attendant sense of consumer rights. Only one force, Lewis claims, can stand up to producer special privileges—consumer interests. The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform political and economic debate throughout the world for years to come.

The Japanese Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Japanese Economy by : Ryūtarō Komiya

Download or read book The Japanese Economy written by Ryūtarō Komiya and published by . This book was released on 1990 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises nine essays focusing on three themes: international economic relations; Japanese enterprises; and the relationship between the government and industry.

The Economic Development of Japan

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Author :
Publisher :
ISBN 13 :
Total Pages : 528 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Economic Development of Japan by : Ryōshin Minami

Download or read book The Economic Development of Japan written by Ryōshin Minami and published by . This book was released on 1986 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the last hundred years of Japanese economic development, taking into consideration historical and social aspects. Identifies the factors which contributed to Japan's success, evaluates the results of Japan's rapid economic growth, and makes predictions for its future.

The History of Japanese Economic Development

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Author :
Publisher : Routledge
ISBN 13 : 131544402X
Total Pages : 262 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis The History of Japanese Economic Development by : Kenichi Ohno

Download or read book The History of Japanese Economic Development written by Kenichi Ohno and published by Routledge. This book was released on 2017-09-07 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an easy-to-read book that explains how and why Japan industrialized rapidly. It traces historical development from the feudal Edo period to high income and technology in the current period. Catch-up industrialization is analyzed from a broad perspective including social, economic and political aspects. Historical data, research and contesting arguments are amply supplied. Japan’s unique experience is contrasted with the practices of today’s developing countries. Negative aspects such as social ills, policy failures, military movements and war years are also covered. Nineteenth-century Japan already had a happy combination of strong entrepreneurship and relatively wise government, which was the result of Japan’s long evolutionary history. Measured contacts with high civilizations of China, India and the West allowed cumulative growth without being destroyed by them. Imported ideas and technology were absorbed with adjustments to fit the local context. The book grew out of a graduate course for government officials from developing countries. It offers a comprehensive look and new insights at Japan’s industrial path that are often missing in standard historical chronicles. Written in an accessible and lively form, the book engages scholars as well as novices with no prior knowledge of Japan.

Governing the Japanese Economy

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Author :
Publisher : Polity
ISBN 13 : 9780745614144
Total Pages : 300 pages
Book Rating : 4.6/5 (141 download)

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Book Synopsis Governing the Japanese Economy by : Kyoko Sheridan

Download or read book Governing the Japanese Economy written by Kyoko Sheridan and published by Polity. This book was released on 1994-06-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel and wide-ranging interpretation of Japanese economic policy, using historical analysis of Japanese economic development to shed light on current objectives, trends and possibilities.

Japan as Number One

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Author :
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Japan as Number One by : Ezra F. Vogel

Download or read book Japan as Number One written by Ezra F. Vogel and published by . This book was released on 1986 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Untying the Knot

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Publisher : Rowman & Littlefield
ISBN 13 : 0815797818
Total Pages : 435 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Untying the Knot by : Richard C. Bush

Download or read book Untying the Knot written by Richard C. Bush and published by Rowman & Littlefield. This book was released on 2005-11-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between Taiwan and China is a paradox. On the one hand, the two economies are becoming increasingly integrated, as Taiwanese companies have come to regard the mainland as the best place to manufacture their products and maintain global competitiveness. On the other hand, the long-running and changing political dispute between the two governments remains unresolved. Each side fears the intentions of the other and is acquiring military capabilities to deter disaster. In its pursuit of peace in the Taiwan Strait, the United States could get drawn into a war between the two rivals. Richard C. Bush, whose career has been dedicated to Taiwan-China issues, explores the conflicts between these nations and the difficulties that must be resolved. Disagreements over sovereignty and security form the core of the dispute. What would be the legal status and international role of the Taiwan government in a future unified China? Given China's growing military power, how could Taiwan feel secure? Complicating these issues are domestic politics and international competition, as well as misperceptions on both sides. Thus multiple obstacles prevent the two sides from even getting to the negotiating table, much less reaching a mutually acceptable resolution. For reasons of policy and politics, the United States is constrained from a central role. To begin with, it must provide China with some reassurance about its policy in order to secure cooperation on foreign policy issues. At the same time, it must bolster Taiwan's political confidence and military deterrence while discouraging provocative actions. The arcane nature of this dispute severely restricts the role of the United States as conflict mediator. But if there is to be any solution to this conflict, the comprehensive analysis that this book provides will be required reading for effective policy.

The Japanese Economy

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Publisher : OUP Oxford
ISBN 13 : 0191608564
Total Pages : 292 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Japanese Economy by : David Flath

Download or read book The Japanese Economy written by David Flath and published by OUP Oxford. This book was released on 2005-06-16 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite recent upheavals, Japan remains one of the dominant economic powers. Yet the Japanese economy is one of the most misunderstood phenomena in the modern world. Conventionally, Japan is presented as the exception to mainstream economic theory: an exception to the standard models of modern economics. This book demolishes that notion, bringing the full analytical power of economic thought to all aspects of the most dramatic economic success story in recent times. David Flath concentrates on four main themes: Japan's economic growth and development; Japan's integration with the world economy; Government policies and their effects; Economic institutions and practices. By applying common economic tools such as the Solow growth model, Modigliani's life-cycle model of saving, Becker's theory of investment, Samuelson's theory of revealed preference, Coase's exposition of the problem of social cost, and the modern theory of industrial organization, this book shows that the mainstream principles of economics apply in Japan as successfully as they do elsewhere. Revised and updated to take account of recent developments in Japanese banking and macroeconomics, this book is an indispensable resource for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it natural choice for anyone interested in comprehending the rise of the Japanese economy.

Japan, the System That Soured

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Author :
Publisher : Routledge
ISBN 13 : 1317467183
Total Pages : 481 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Japan, the System That Soured by : Richard Katz

Download or read book Japan, the System That Soured written by Richard Katz and published by Routledge. This book was released on 2015-03-04 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: After seven long years of economic malaise, it is clear that something has gone awry in Japan. Unless Japan undertakes sweeping reform, official forecasts now warn, growth will steadily dwindle. How could the world's most acclaimed economic miracle have stumbled so badly? As this important book explains, the root of the problem is that Japan is still mired in the structures, policies, and mental habits of the 1950s-1960s. Four decades ago while in the "catch-up" phase of its economic evolution, policies that gave rise to "Japan, Inc". made a lot of sense. By the 1970s and 1980s, when Japan had become a more mature economy, "catch-up economics" had become passe, even counterproductive. Even worse, in response to the oil shocks, Japan increasingly used its industrial policy tools. not to promote "winners", but to shield "losers" from competition at home and abroad. Japan's well-known aversion to imports is part and parcel of this politically understandable, but economically self-defeating, pattern. The end result is a deformed "dual economy" unique in the industrial world. Now this "dualism" is sapping the strength of the entire economy. The protection of the weak is driving Japan's most inefficient companies to invest offshore instead of at home. Without sweeping reform, real recovery will prove elusive. The challenging thesis articulated in this book is receiving widespread media attention in the United States and Japan and is sure to provoke continuing debate and controversy.