Japan: The System That Soured: The Rise and Fall of the Japanese Economic MiracleM.E. Sharpe, 1998年7月10日 Ten years ago, Japan was predicted to dominate the world's economy. Today, it seems too feeble even to rescue itself from its economic malaise. How could the world's most acclaimed economic miracle have stumbled so badly? Why were most experts in the U.S. and Japan caught off-guard? And why do Japan's leaders still deny the gravity of the situation? As this book explains, the root of Japan's problem is that it's economy and politics are still mired in the patterns of the 1950s-1960s. Back then, Japan's practices were brilliantly suited to engineering an unparalleled industrial takeoff. But, once Japan became a mature economy in the 1970's, continuing in the same old mold became a recipe for disaster. The Japanese system enshrined cartels and protectionism. It created a dual economy of super-strong exporters but woefully inefficient domestic sectors. It slowly and insipidiously sapped productivity, drove Japan's most effecient companies to invest overseas, and created the financial imbalances that are wreaking havoc today. Unfortunately, Japan's vested interests and political machines are so dependent on existing practices that resistance to reform is powerful. And yet, warns author Richard Katz, without sweeping political-economic renovation that goes far beyond mere deregulation, Japan is doomed to years of economic stagnancy, financial turmoil, and political gridlock. 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. |
搜尋書籍內容
第 1 到 5 筆結果,共 87 筆
... Domestic GDP 153 7.1 Structural Rigidity and Slow Growth Reinforce Each Other 178 7.2 7.3 8.1 Real vs. Nominal Demand for Goods and Services Poor Productivity in Services Draws in Labor 1973-85 : Trade Surpluses Provide Half of All ...
... Domestic Growth Reinforce Each Other 148 149 152 6.6 Keiretsu Dominate Key Industries 159 6.7 Export Cartels Proliferate 162 7.1 Japan's Heavy Industries Hit the Wall 168 7.2 Declining Demand for Materials - Producing Industries 8.1 ...
... domestic as well as foreign . If industrial policy is a matter of " picking winners and losers , " then the essence of Japan's malaise is that it gradually shifted from promoting winners to protecting losers . As this happened , Japan ...
... domestic sectors . The high prices Toyota paid for glass , rubber , basic steel , and so forth were , in effect , subsi- dies to these suppliers . But , by the late 1980s , the exporters found it harder to bear the burden . They were ...
... domestic sectors from the pressure of competition : The Japanese economy is characterized by the existence of a dual structure in which efficient manufacturers and inefficient service - related sectors co- exist . This is one of the ...
內容
3 | |
29 | |
Hollowing Out Driving Away the Geese That Lay the Golden Eggs | 47 |
From Growth Superstar to Economic Laggard | 55 |
The Politics of Japanese Economic Policy | 75 |
195573 The System Succeeds in the Era of CatchUp | 107 |
197390 The System Sours | 165 |
Economic Anorexia From Bubble to Bust | 197 |
Reading the Econometric Tables | 359 |
From Superstar to Laggard The Growth Model | 362 |
Trade and Growth | 372 |
Japans Peculiar Trade | 376 |
The Overloan System in Banking Artificial Scarcity | 382 |
Economic Anorexia in a Developmental Perspective | 384 |
How Japans Cartels Destroy Productivity | 386 |
The Dual Economy and Hollowing Out | 396 |
If Poland Can Reform Why Not Japan? | 239 |
Asia Versus Japan in the Race to Reform | 250 |
Japans Peculiar Trade Too Few Imports Too Few Exports | 258 |
Is Japan Opening Up? | 272 |
Beyond Revisionism and Traditionalism A New Paradigm to Guide Policy | 289 |
Interregnum Whither Japan? | 318 |
Why Industrial Policy Only Works in the CatchUp Era | 349 |
Controversy over ExportLed Industrialization | 358 |
The Macroeconomics of the USJapan Trade Imbalance | 397 |
Trade Capital Flows and the Gyrations of the Yen | 401 |
InvestmentDriven Growth Versus ProductivityDriven Growth | 405 |
Notes | 407 |
Bibliography | 435 |
Index | 449 |