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Author: William M. Grimes
Publisher: Cornell University Press
ISBN: 1501725254
Category : Political Science
Languages : en
Pages : 281
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Book Description
In the last fifteen years, Japan's economy has gone from model of success to object lesson in failure. William W. Grimes offers a richly detailed, insider's view of the key macroeconomic policies and events in contemporary Japan, as well as a close examination of the causes and effects of these upheavals. It is difficult to believe that the "Bubble Economy" of the late 1980s and the failed attempts at economic stimulation in the following decade both arose from the same policies. In Unmaking the Japanese Miracle, Grimes shows that this is precisely what happened. Focusing less on what went wrong than on why it went wrong, Grimes finds that mistaken macroeconomic policies—loose money in the late 1980s, excessively tight money until 1992, and only grudging use of expansionary fiscal policy until 1998—largely caused Japan's economic problems. Based on scores of interviews with Japanese policymakers, his is the first political explanation of why these catastrophic policies were carried out by the Ministry of Finance, the Bank of Japan, and the Diet. Various economic shocks were met, Grimes says, with a consistent and often inappropriate pattern of responses. This pattern has fundamentally altered because of changes within the three policymaking institutions since 1998.
Author: William M. Grimes
Publisher: Cornell University Press
ISBN: 1501725254
Category : Political Science
Languages : en
Pages : 281
Get Book
Book Description
In the last fifteen years, Japan's economy has gone from model of success to object lesson in failure. William W. Grimes offers a richly detailed, insider's view of the key macroeconomic policies and events in contemporary Japan, as well as a close examination of the causes and effects of these upheavals. It is difficult to believe that the "Bubble Economy" of the late 1980s and the failed attempts at economic stimulation in the following decade both arose from the same policies. In Unmaking the Japanese Miracle, Grimes shows that this is precisely what happened. Focusing less on what went wrong than on why it went wrong, Grimes finds that mistaken macroeconomic policies—loose money in the late 1980s, excessively tight money until 1992, and only grudging use of expansionary fiscal policy until 1998—largely caused Japan's economic problems. Based on scores of interviews with Japanese policymakers, his is the first political explanation of why these catastrophic policies were carried out by the Ministry of Finance, the Bank of Japan, and the Diet. Various economic shocks were met, Grimes says, with a consistent and often inappropriate pattern of responses. This pattern has fundamentally altered because of changes within the three policymaking institutions since 1998.
Author: Willard Price
Publisher:
ISBN:
Category :
Languages : en
Pages : 341
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Book Description
Author: S. Prakash
Publisher:
ISBN: 9780517079164
Category :
Languages : en
Pages :
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Author: S. Prakash Sethi
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 361
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Book Description
Author: Steven Vogel
Publisher: Rowman & Littlefield
ISBN: 9780815798347
Category : Political Science
Languages : en
Pages : 310
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Book Description
September 2001 marked the fiftieth anniversary of the signing of the San Francisco Treaty, formally ending the Second World War. In signing this treaty, Japan fundamentally transformed its position on the world stage. It established itself in the vanguard of the burgeoning cold war bulwark against the Soviet Union and its communist satellites, and wed itself to the United States through economic, political, and security ties that persist today. The half century since the establishment of the San Francisco system has seen highs and lows in the relations between the two countries, continuing even into the current war on terrorism. This new book evaluates the changing relationship between the two great powers, providing in-depth analysis on a variety of topics. It scrutinizes the historical context, providing the reader with predictive tools for understanding events as they unfold. Instead of looking at the U.S.-Japan relationship one issue at a time, this book examines specific trends and then analyzes how these trends affect the relationship as a whole. This innovative approach allows the reader to view several perspectives simultaneously, and it compels the contributors to assemble clear causal arguments that detail what each factor can and cannot explain. The result is a cogent and convincing appraisal of the status and future of U.S.-Japan relations after fifty years of peaceful coexistence.
Author: Myungji Yang
Publisher: Cornell University Press
ISBN: 1501710745
Category : History
Languages : en
Pages : 200
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Book Description
Myungji Yang’s From Miracle to Mirage is a critical account of the trajectory of state-sponsored middle-class formation in Korea in the second half of the twentieth century. Yang’s book offers a compelling story of the reality behind the myth of middle-class formation. Capturing the emergence, reproduction, and fragmentation of the Korean middle class, From Miracle to Mirage traces the historical process through which the seemingly successful state project of building a middle-class society resulted in a mirage. Yang argues that profitable speculation in skyrocketing prices for Seoul real estate led to mobility and material comforts for the new middle class. She also shows that the fragility inherent in such developments was embedded in the very formation of that socioeconomic group. Taking exception to conventional views, Yang emphasizes the role of the state in producing patterns of class structure and social inequality. She demonstrates the speculative and exclusionary ways in which the middle class was formed. Domestic politics and state policies, she argues, have shaped the lived experiences and identities of the Korean middle class. From Miracle to Mirage gives us a new interpretation of the reality behind the myth. Yang’s analysis provides evidence of how in cultural and objective terms the country’s rapid, compressed program of economic development created a deeply distorted distribution of wealth.
Author: Marie Anchordoguy
Publisher: Cornell University Press
ISBN: 1501700855
Category : Political Science
Languages : en
Pages : 386
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Book Description
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.
Author: W. Miles Fletcher III
Publisher: Routledge
ISBN: 1317977033
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
Understanding the 'lost decade' of the 1990s is central to explaining Japan today. Following a period of record high growth, the chronic downturn after 1990 raised fundamental questions about the course of the world's third largest economy. This crisis also presented Japan with the opportunity for transformative change. Changes have followed, some of them less than might be expected, and some of them far more sweeping than is generally realized. This volume presents a wide range of international perspectives on post-bubble Japan, exploring the effects of the long downturn on the views of the Japanese business community, management practices, and national policies. To what degree has Japan's traumatic experience prompted basic reforms in terms of legal changes, corporate governance, business strategy, and the longterm national vision for the economy? This book was originally published as a special issue of Asia Pacific Business Review.
Author: Alisa Gaunder
Publisher: Taylor & Francis
ISBN: 1000807045
Category : Political Science
Languages : en
Pages : 205
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Book Description
The revised 2nd edition of this successful textbook explores Japanese politics in the postwar era from theoretical and comparative perspectives. After providing historical context, it offers an in-depth exploration of postwar political institutions, political reform in the 1990s, the policymaking process, and the politics of economic growth and stagnation. By delving into Japan’s international relations, the book sheds light on Japan’s security and foreign policies, and Japan’s role in Asia. The textbook concludes by addressing what has changed since party alternation in 2009, the triple disaster in March 2011 and the global Covid pandemic. Themes and questions addressed throughout the text include: How and why did Japan modernize so successfully when so many other countries fell prey to colonialism and authoritarianism? What explains the Japanese economic miracle and its subsequent economic stagnation? What accounts for Japan’s successful democratization? In the international realm, why has Japan achieved economic superpower status without achieving political superpower status? What is the future trajectory of Japanese politics? Connecting Japan to larger themes in comparative politics and linking Japan’s history, institutions, policymaking process, and international relations to experiences and structures in other countries, this book is essential reading for students of Japanese or Asian Politics.
Author: Jeff Kingston
Publisher: John Wiley & Sons
ISBN: 1509525483
Category : Political Science
Languages : en
Pages : 129
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Book Description
Japan, anchored by its traditions, transformed by American post-war Occupation, and globally recognized for its technological innovations, manufacturing prowess, and pop culture, faces powerful challenges from within and without. How Japan chooses to handle these problems and opportunities will determine its future for decades to come. In this book, Jeff Kingston – one of the most lucid analysts of Japan today – takes readers on a fascinating journey through this country's contemporary history, exploring the key developments and forces, both at home and abroad, that are shaping Japan in the twenty-first century. Whether Prime Minister Shinzo Abe’s transformative agenda of “Abenomics” and “proactive pacifism” toward a rising China and a belligerent North Korea can set Japan on the path to greater prosperity and security remains to be seen. But having won a third term as president of the Liberal Democratic Party in 2018, Japan’s ongoing transformation is very much in Abe’s hands.
