Dynamics of Japan’s Trade and Industrial Policy in the Post Rapid Growth Era (1980–2000)


Book Description

This open access book provides an in-depth examination of Japan's policy responses to the economic challenges of the 1980s and '90s. While MITI's earlier role in promoting rapid growth has been addressed in other studies, this volume, based on official records and exhaustive interviews, is the first to examine the aftermath of rapid growth and the evolution of MITI's interpretation of the economy's changing needs. Covering such topics as the oil shocks, trade conflict with the United States, and the rise and collapse of the so-called bubble economy, it presents a detailed analysis and evaluation of how these challenges were interpreted by government officials, the kinds of policies that were enacted, the extent to which policy aims were realized, and lessons for the longer term. This book is recommended especially to officials of countries concerned about the challenges that follow on high economic growth and to readers interested in Japan’s contemporary economic history.







Handbook of Global Economic Policy


Book Description

Written by over 20 leading international economists, this book offers win-win scenarios to economic problems. As in the other volumes of this set of public policy handbooks, the Handbook of Global Economic Policy employs a unique organizational principle: from viewing economic problems from conservative and liberal perspectives, to developing practical, non-ideological solutions to the problems, and finally testing the solution's feasibility in terms of economic, administrative, political, psychological, legal, international, and technological obstacles. The authors confront conventional wisdom about tradeoffs between unemployment and inflation, economic growth and displaced workers, and c




Between MITI and the Market


Book Description

Over the postwar period, the scope of industrial policy has expanded markedly. Governments in virtually all advanced industrial countries have extended the visible hand of the state in assisting specific industries or individual companies. Although greater government involvement in some countries has lessened the dislocations brought about by slower growth rates, industrial policy has also caused or exacerbated a number of other problems, including distortions in the allocation of capital and labor and trade conflicts that undermine the postwar system of free trade. Only Japan is widely cited as an unambiguous success story. The effectiveness of its industrial policy is revealed in the successful emergence of one government-targeted industry after another as world-class competitors: for example, steel, automobiles, and semiconductors. Foreign countries fear that a number of still-developing industries—like biotechnology, telecommunications, and information processing—will follow the same pattern. But is industrial policy the main reason for Japan's economic achievements? The author asserts that the reasons for Japan's spectacular track record go well beyond the realm of industrial policy into broad areas of the political economy as a whole. In this book, the author attempts to identify the reasons for the comparative effectiveness of Japanese industrial policy for high technology by answering the following questions: What is the attitude of Japanese leaders toward state intervention in the marketplace? What is the Ministry of International Trade and Industry (MITI) doing to promote the development of high technology? How has the organization of the private sector contributed to MITI's capacity to intervene effectively? What elements in Japan's political system help insulate industrial policymaking from the demands of interest-group politics?




Innovation Networks and Learning Regions?


Book Description

Innovation, Networks and Learning Regions? address key issues of understanding in contemporary economic geography and local economic policy making in cities and regions in the advanced economies. Developing the idea that innovation is the primary driving force behind economic change and growth, the international range of contributors stress the importance of knowledge and information as the 'raw materials' of innovation. They examine the ways in which these elements may be acquired and linked through networks, and demonstrate that there are empirical examples of innovative areas which do not have highly developed networks yet appear to be relatively successful in terms of local economic growth. In so doing, they raise crucial questions about the ways in which regions or localities might be described as truly 'learning' areas, and about the sustainability of future economic and quality of life success based on innovation and high-technology.




Managing Decline


Book Description

Industrial restructuring has become a way of life, the inevitable accommodation to rapid changes in technology, to a global economy that affects large and small communities through the constant flow of goods and people, and to the challenging patterns of economic viability that alter that flow. Managing Decline examines the impact of coal mine closures in Yubari City, Hokkaido, once one of Japan's most prosperous coal-producing cities, and asks how Japanese culture has influenced the enactment of and response to industrial policy for restructuring in this community. For many years, coal formed the backbone of Japan's economic development, but the dangers and costs of mining became increasingly expensive for the industry and government. Global changes in coal production and exchange finally prompted Japan's decision in 1986 to shut down nearly all domestic coal mines in favor of coal imports. Japan's policy for industry restructuring has been applauded as one of the most comprehensive in addressing the needs of the industry, the workers, and the community. At the micro-level, however, the people in the community most affected by the policy decisions have been excluded from the process. Managing Decline reveals the stratified effects, as well as compensation, for the different groups in Yubari. Although the policy settlement package goes to the coal miners, community redevelopment ignores their needs, prompting them to leave the city and benefiting instead land owners and public employees. Revealed as well as the ways in which Japan's cultural values, particularly the vertical social structure as it affects decision making, status, occupations, and company organization, and the importance of maintaining the family system, figure in the policy process and its consequences. The author's research, based on two years' residence in Yubari during the last few years of the closures, makes an important contribution to community studies of social change in Japan. It is also the first field study to examine the effects of industrial policy for restructuring in Japan at the worker and community level.




Regional Innovation Systems


Book Description

Since the first edition of this book in 1995, there has been a worldwide innovation-led economic boom and a subsequent slump, meaning enormous change has also occurred at the level of regional economies. The new edition registers this change and provides an interesting test of the robustness of the original arguments in the book. Not least, more industrial policy making is influenced by the RIS analysis, and many national and regional governments have adopted RIS approaches, along with related instruments like promotion of industry clusters, academic entrepreneurship, regional venture capital and science-led development strategies.




Japanese Cities


Book Description

Japan is the world's second most powerful economy and one of the most urbanized nations on earth. Yet English-language literature contains remarkable little about cities in Japan. This collection of original essays on Japanese urban and industrial development covers a broad spectrum of city experiences. Leading Japanese and Western urbanists analyze Japan's largest metropolitan areas (Tokyo, Osaka, Nagoya); proto-typical industrial cities (Kamaishi, Kitakyushu, Toyota); high technology urban satellites (Kanagawa); and smaller, more traditionally organized industrial districts (Tsubame). This book demonstrates how Japan's flexible economic growth strategies and changing relationship to the world economy have produced a uniquely Japanese pattern of urban development in this century. Throughout the essays that describe individual cities, contributors provide commentary on each city's twentieth-century history and functional relations with other cities and focus on the dynamic linkage between global relations and local activities. They examine the role of government—central, prefectural, and local—in the restructuring of Japanese industrial and urban life. One essay is devoted to the urbanization process in pre-World War II Japan; another considers urban planning on the western Pacific Rim. This is the first book that analyzes how the economic transformation of Japan has restructured Japanese cities and how urban and regional development policies have kept pace with (and in some ways effected) changes in the economy. This comprehensive study of Japanese cities provides interdisciplinary coverage of urban development issues of interest to the fields of economics, business, sociology, political science, history, Asian and Japanese studies, and urban planning.




The SAGE Handbook of Modern Japanese Studies


Book Description

A welcome addition to any reading list for those interested in contemporary Japanese society. - Roger Goodman, Nissan Professor of Modern Japanese Society, University of Oxford "I know no better book for an accessible and up-to-date introduction to this complex subject than The SAGE Handbook of Modern Japan Studies." - Hiroko Takeda, Associate Professor, Organization for Global Japanese Studies, University of Tokyo "Pioneering and nuanced in analysis, yet highly accessible and engaging in style." - Yoshio Sugimoto, Emeritus Professor, La Trobe University The SAGE Handbook of Modern Japanese Studies includes outstanding contributions from a diverse group of leading academics from across the globe. This volume is designed to serve as a major interdisciplinary reference work and a seminal text, both rigorous and accessible, to assist students and scholars in understanding one of the major nations of the world. James D. Babb is a Senior Lecturer in the School of Geography, Politics and Sociology at Newcastle University.