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The Great Transformation of Japanese Capitalism

The Great Transformation of Japanese Capitalism
Author: Sébastien Lechevalier
Publisher: Routledge
Total Pages: 236
Release: 2014-02-05
Genre: Social Science
ISBN: 1317974964

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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.


Japanese Capitalism Since 1945: Critical Perspectives

Japanese Capitalism Since 1945: Critical Perspectives
Author: Tessa Morris-Suzuki
Publisher: Routledge
Total Pages: 256
Release: 2016-07-22
Genre: Juvenile Nonfiction
ISBN: 1315491842

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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.


Japan Remodeled

Japan Remodeled
Author: Steven Kent Vogel
Publisher: Cornell University Press
Total Pages: 276
Release: 2006
Genre: Business & Economics
ISBN: 9780801473715

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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.


Changing Japanese Capitalism

Changing Japanese Capitalism
Author: Michael A. Witt
Publisher: Cambridge University Press
Total Pages: 191
Release: 2006-12-07
Genre: Business & Economics
ISBN: 1139461052

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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.


The Japanese Economy Reconsidered

The Japanese Economy Reconsidered
Author: M. Itoh
Publisher: Springer
Total Pages: 153
Release: 2000-11-17
Genre: Business & Economics
ISBN: 0230503241

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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.


The World Economic Crisis and Japanese Capitalism

The World Economic Crisis and Japanese Capitalism
Author: Makoto Itoh
Publisher: Springer
Total Pages: 278
Release: 1990-11-01
Genre: Business & Economics
ISBN: 1349210846

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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

The Great Transformation
Author: Karl Polanyi
Publisher: Penguin Classics
Total Pages: 0
Release: 2024-06-20
Genre: Business & Economics
ISBN: 9780241685556

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'One of the most powerful books in the social sciences ever written. ... A must-read' Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi's hugely influential work is a passionate call to protect our common humanity. 'Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative' Guardian 'Polanyi exposes the myth of the free market' Joseph Stiglitz With a new introduction by Gareth Dale


A Political History of Japanese Capitalism

A Political History of Japanese Capitalism
Author: Jon Halliday
Publisher: New York : Pantheon Books
Total Pages: 520
Release: 1975
Genre: Business & Economics
ISBN:

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Japan's Capitalism

Japan's Capitalism
Author: Shigeto Tsuru
Publisher: Cambridge University Press
Total Pages: 296
Release: 1996-07-13
Genre: Business & Economics
ISBN: 9780521576215

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An authoritative account of Japan's economic resconstruction after World War II.


Japanese Capitalism and Modernity in a Global Era

Japanese Capitalism and Modernity in a Global Era
Author: Peter Matanle
Publisher: Routledge
Total Pages: 218
Release: 2003-09-02
Genre: History
ISBN: 1134403798

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First Published in 2004. This book provides an in-depth examination of one of the most central and defining aspects of capitalist modernity in contemporary Japan-the lifetime employment system. It investigates the key themes surrounding the system, including the work attitudes and values of Japanese company employees and whether or not Japan is converging on Western forms of capitalist organisation. Peter Matanle presents and analyses original documentary data, drawn from extensive research within four large Japanese corporations, in order to explore these issues from the perspective of both management and employees. The findings are then discussed in terms of the development of Japan's capitalism and modernity. It will be of interest to researchers of Japanese studies, Business studies and Sociology.