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 57 筆
... Faster Because It Was Poorer 5 37 38 41 43 44 48 49 53 57 61 62 4.4 Japan Leads Pack during Takeoff , Lags Afterward 63 4.5 Higher Investment Rates Mean Faster Growth 64 4.6 Growth Exceeds Forecast in 1960s ; Falls Short after 1973 64 ...
... Faster Than Closed Ones 241 10.1 11.1 East Asia's Trade - Led Growth Differs from Japan Model Japan's Trade : GDP Ratio Slips , While America's and Germany's Soar 252 259 11.2 Japan Falls Behind World Trends : If It Had Kept Up , Its ...
... Faster 9.2 Open Countries Grow Faster Due to Better Productivity 9.3 Most Countries Except Japan Import Competing Products 10.1 Asian NICs Import Competing Products ; Japan Does Not 11.1 Only in Japan Do Imports Rise More Slowly Than ...
... to growth , unfortunately , had clear diminishing returns . Japan had to run ever faster just to stay in place . That is , unless Japan devoted ever - larger portions of its national income to MAINFRAME ECONOMICS IN A PC WORLD 7.
... faster . But , for a nation whose corporate debt loads , social security needs , and political institutions are geared to higher growth , such mediocre expan- sion is a recipe for lingering financial fragility and political instability ...
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 |