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The Japanese Economy And The Way Forward
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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.
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.
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.
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 2022-05-12 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Japanese Economy, 4th Edition is for anyone curious about economics, for it is impossible to appreciate economics without vivid examples of its application. This book is also for anyone broadly interested in Japan, for it is impossible to fully understand Japan without learning what basic economics has to say about it, which is much. To know Japan - or any country for that matter - is more than an ability to recite a litany of facts about its history, geography, institutions, and culture. Disciplined thinking is needed to organize the disparate facts into a coherent system that can be grasped whole. Modern economics is the academic discipline underlying this book. The book uses economics and explains it, but without presuming the reader has any prior knowledge of it. The main object of interest is Japan. It starts with Japan's economic history since the late sixteenth century through the twentieth century. It then addresses contemporary topics in Japan's economy, beginning with ones that require an economy - wide perspective - economic growth and the business cycle, exchange rates, and the balance of trade. The discussion then moves on to sectors of the economy: the public sector, industry and trade, the financial system, the labor market, and more. The chapters can be read in any order, but four threads run through all the chapters and link them: Japan's economic growth and development, Japan's integration with the world economy, government policies and their effects, and peculiar economic institutions and practices.
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:
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.
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.
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.
Book Synopsis The Growth Potential of the Japanese Economy by : Kenneth K. Kurihara
Download or read book The Growth Potential of the Japanese Economy written by Kenneth K. Kurihara and published by Johns Hopkins University Press. This book was released on 1971 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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.
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.
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.
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:
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.
Book Synopsis The Japanese Economy by : Craig Freedman
Download or read book The Japanese Economy written by Craig Freedman and published by Routledge. This book was released on 2018-07-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers an accessible guide to the modern Japanese economy by examining how Japan developed from a defeated and destitute country following World War II to a dominant economic power in the 1980s and then a persistently troubled economy beginning in the 1990s. Craig Freedman, an experienced teacher and scholar of economics, provides students with an understanding of the Japanese economy works and how to employ economic reasoning to analyse the specifics of any economy. Part I explains how specific economies can be fruitfully analysed and understood and will outline what is different about the Japanese economy in terms of structure and institutions. Part II explains how government policy shaped the economy toward the goal of a low risk, middle class society and fostered rapid, 'miracle' growth in the post war period. It also examines the way in which this policy led to an inability to move the economy out of its extended slump in the last two decades. Part III then looks at the supply or production side of the Japanese economy focusing on the key markets and organizations that formed the basis of the Japanese economy. Finally, Part IV looks at parallel developments in South Korea and China and examines how these countries attempted to adapt the Japanese model to their local differences, needs and objectives. Featuring suggestions for further reading, end of chapter study questions, boxed case studies and a glossary of key terms, The Japanese Economy is an essential textbook for both undergraduate and postgraduate courses on the Japanese economy or East Asian economies more generally.
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.
