Dr. Osamu Shimomura's Legacy and the Postwar Japanese Economy


Book Description

This book elucidates the economic conditions and policies during the post War Japanese economy from the view point of an influential policy maker. Dr. Osamu Shimomura is one of the most eminent economists in Japan. He entered the Ministry of Finance and played a crucial role in actualizing the High-Growth era from the late 1950s to the early 70s. "The Doubling Income Plan", which is issued by the Ikeda cabinet, originates from him. It should be noted that while most economists held pessimistic view on the future, Shimomura is brave and foresighted. Shimomura’s theory is not merely one of the pioneer works in macroeconomics, but also suits the economic conditions of Japan. Shimomura extends the principle of effective demand, which means that his theory includes effects of capital accumulation to production capacity. While one may argue that Harrod (1939) and Domar (1946) have already achieved that, Shimomura’s theory centers policy recommendations for sustaining the high economic growth against the productivity growth that would cause excess supply in the market. Succinctly, Shimomura is a Keynesian who believes the vigor in its private sector but recognizes that Japanese economy urgently needs the government’s auxiliary macroeconomic policies. This book emphasizes that the rapid Japanese growth owes mainly to affluent entrepreneurship filled in the economy not to the sheer government’s planning. Dr. Shimomura’s theory endorses our assertion.




The Economic Rise of East Asia


Book Description

In light of the growing global economic importance of East Asia, this book analyzes and compares the extraordinary development paths and strategies of Japan, South Korea, and China. It examines both the factors that enabled these countries’ prolonged periods of high-speed economic growth, and the reasons for their subsequent “cool-downs.” In addition, the book illustrates how their development strategies served as role models for one another, and what current and future developing countries can learn from the East Asian success stories. This book will appeal to scholars and students of economics and development studies with an interest in the East Asian development model.




China: Surpassing the “Middle Income Trap”


Book Description

This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.




The History Problem


Book Description

Seventy years have passed since the end of the Asia-Pacific War, yet Japan remains embroiled in controversy with its neighbors over the war’s commemoration. Among the many points of contention between Japan, China, and South Korea are interpretations of the Tokyo War Crimes Trial, apologies and compensation for foreign victims of Japanese aggression, prime ministerial visits to the Yasukuni Shrine, and the war’s portrayal in textbooks. Collectively, these controversies have come to be called the “history problem.” But why has the problem become so intractable? Can it ever be resolved, and if so, how? To answer these questions author Hiro Saito mobilizes the sociology of collective memory and social movements, political theories of apology and reconciliation, psychological research on intergroup conflict, and philosophical reflections on memory and history. The history problem, he argues, is essentially a relational phenomenon caused when nations publicly showcase self-serving versions of the past at key ceremonies and events: Japan, South Korea, and China all focus on what happened to their own citizens with little regard for foreign others. Saito goes on to explore the emergence of a cosmopolitan form of commemoration taking humanity, rather than nationality, as its primary frame of reference, an approach increasingly used by a transnational network of advocacy NGOs, victims of Japan’s past wrongdoings, historians, and educators. When cosmopolitan commemoration is practiced as a collective endeavor by both perpetrators and victims, Saito argues, a resolution of the history problem—and eventual reconciliation—will finally become possible. The History Problem examines a vast corpus of historical material in both English and Japanese, offering provocative findings that challenge orthodox explanations. Written in clear and accessible prose, this uniquely interdisciplinary book will appeal to sociologists, political scientists, and historians researching collective memory, nationalism and cosmopolitanism, and international relations—and to anyone interested in the commemoration of historical wrongs. An electronic version of this book is freely available thanks to the support of libraries working with Knowledge Unlatched, a collaborative initiative designed to make high-quality books open access for the public good. The open-access version of this book is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0), which means that the work may be freely downloaded and shared for non-commercial purposes, provided credit is given to the author. Derivative works and commercial uses require permission from the publisher.




Shimomuran Economics and The Rise of The Tokyo Consensus


Book Description

The Japanese acknowledge that Dr Osamu Shimomura is their most influential post-war economist but his works and his "economic model of Japan" with its key modification of the Keynesian investment-saving equilibrium condition to create an exploding economy, seems to be virtually unknown in the economics departments of Western universities. This book traces the timeline of the development of Investment Credit Creation economics - the economics understanding which has produced explosive economic growth - from its apparent beginning in FDR's USA during 1938-44 through the adoption of almost identical measures in post war Japan, with the active involvement of Dr Osamu Shimomura, and then the transfer of that new system to post-rapprochement China after 1972. In the view of the author, the Tokyo Consensus nations - China, Japan, South Korea and Taiwan - are using and continue to use the mindset of Shimomuran Economics to achieve great economic advantages and the West now needs to learn what part of Asia knows.




The Japanese Power Elite


Book Description

This book attempts a coherent portrait of the heart of Japan's economic and political decision making. It presents the men occupying the core positions in Japan's ruling party, the central ministries, and in big business and its organizations. Elite career patterns, social origins, upbringing, university education, cognitive orientations and ways of life are reviewed, as are the interactions in the exclusive world of Japan's increasingly hereditary and bureaucratic class of power holders in conservative politics and big business.




Economic Analysis of Social Common Capital


Book Description

This 2005 book analyzes how natural resources, social infrastructure, and institutions might be optimally sustained.




Hirohito: The Shōwa Emperor in War and Peace


Book Description

This is a most important new work on Emperor Hirohito by one of Japan’s leading historians, Ikuhiko Hata. Following the untimely death of Marius B. Jansen (Emeritus Professor, University of Princeton) in December 2000, who had been actively collaborating with the author and translator of the original Japanese edition (Hirohito Tenno itsutsu no ketsudan, first published in 1987 and republished in 1994), it was inevitable that there would be a delay in publication of the English edition, which is finally now available. In his extended Foreword as editor, referring to the nature of Hirohito’s power, Jansen states: ‘We are left with puzzles that will probably never be resolved. Clearly, as Professor Hata and others have shown, the Emperor Hirohito had immense power, but the condition of retaining it was judicious restraint in exercising it.’ In offering a view on the merits of Hata’s research, Jansen points to the hitherto unknown plots (in parallel but unrelated) by both the Army and Navy to preserve, and if necessary resuscitate, the imperial line in the event the victors decided to depose Hirohito. Jansen also points to the merits of Hata’s particular focus on the contribution Hirohito made to Japan in its post-war relations with the United States. Jansen added substantive notes to help place the author’s material in historical and historiographical perspective. The book, which is not a biography or a general history of the Showa era, focuses on five decisions taken by Emperor Hirohito, which the author considers the key turning points of his reign: these concern the 26 February 1936 insurrection of young army officers, the termination of the Pacific War, the post-war constitution, the issue of abdication and the San Francisco Peace Treaty.




Japanese Cinema


Book Description

Japanese Cinema includes twenty-four chapters on key films of Japanese cinema, from the silent era to the present day, providing a comprehensive introduction to Japanese cinema history and Japanese culture and society. Studying a range of important films, from Late Spring, Seven Samurai and In the Realm of the Senses to Godzilla, Hana-Bi and Ring, the collection includes discussion of all the major directors of Japanese cinema including Ozu, Mizoguchi, Kurosawa, Oshima, Suzuki, Kitano and Miyazaki. Each chapter discusses the film in relation to aesthetic, industrial or critical issues and ends with a complete filmography for each director. The book also includes a full glossary of terms and a comprehensive bibliography of readings on Japanese cinema. Bringing together leading international scholars and showcasing pioneering new research, this book is essential reading for all students and general readers interested in one of the world’s most important film industries.