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Crisis or Recovery in Japan

State and Industrial Economy Edited by David Bailey, Aston Business School, Aston University, Birmingham, UK, Dan Coffey, Senior Lecturer in Economics, Leeds University Business School, UK and Phil Tomlinson, Lecturer in Business Economics, School of Management, Bath University, UK
This innovative and multidisciplinary book explores Japan’s economic crisis and recovery. Specifically, it analyses the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model.

The contributors list comprises an international panel of economists, political scientists and international relations specialists. From vantage points across Japan, North America and Europe, they bring together a collection of original studies considering Japan’s economic malaise and the potential for sustained recovery.
Extent: 240 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2007
ISBN: 978 1 84542 095 6
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  • Asian Studies
  • Asian Economics
  • Economics and Finance
  • Asian Economics
  • Industrial Economics
This innovative and multidisciplinary book explores Japan’s economic crisis and recovery. Specifically, it analyses the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model.

The contributors list comprises an international panel of economists, political scientists and international relations specialists. From vantage points across Japan, North America and Europe, they bring together a collection of original studies considering Japan’s economic malaise and the potential for sustained recovery. Topics covered include:

• the relevance of Western economic models to the Japanese case
• the Japanese macro-economy and financial system
• the deep-seated controversy over the process and problems of kudoka – the hollowing out of Japan’s industrial base
• the future of Japan’s small firm sector in a globalizing world.

This provocative and timely book offers new reflections and original research findings on a topic of global interest and significance. As such it will strongly appeal to a wide-ranging audience including: academics in the fields of economics, political science and international relations, policymakers, advisors and practitioners in international institutions, think-tanks and labour organizations.
‘Crisis or Recovery in Japan is a well-written volume that updates our knowledge of the Japanese economy into the 2000s. It constitutes a convenient source of readings for courses on contemporary Japan.’
– Brian K. Maclean, Pacific Affairs

‘Japan’s economy has finally emerged from the recession that lasted more than ten years. What happened to the once highly praised (or despised) Japanese model? Leading experts explore this issue, and go much deeper than the simplistic “J model” arguments. The discourse included in this book has important implications for not only Japan specialists but also those who are interested in the transformation and evolution of a dynamic economy.’
– Akira Goto, Japanese Fair Trade Commission and University of Tokyo, Japan
Contributors: D. Bailey, D. Coates, D. Coffey, K. Cowling, D.W. Katzner, H. Odagiri, T. Ozawa, U. Schaede, R. Sugden, C. Thornley, P.R. Tomlinson, R.A. Werner
Contents:

1. Introduction: The Attributes of the Crisis
David Bailey, Dan Coffey and Philip R. Tomlinson

2. The Workings of the Japanese Economy
Donald W. Katzner

3. The Cause of Japan’s Recession and the Lessons for the World
Richard A. Werner

4. Transnational Monopoly Capitalism, the J-mode Firm and Industrial ‘Hollowing Out’ in Japan
Keith Cowling and Philip. R. Tomlinson

5. Globalization and the Japanese Subcontractor System
Ulrike Schaede

6. Institutionally Driven Growth and Stagnation – and Struggle for Reform
Terutomo Ozawa

7. Kūdōka, Restructuring and Possibilities for Industrial Policy in Japan
David Bailey and Roger Sugden

8. The National Innovation System: A Key to Japan’s Future Growth
Hiroyuki Odagiri

9. The Rise and Fall of Japan as a Model of ‘Progressive Capitalism’
David Coates

10. ‘Can Japan Compete?’ Reconsidered
Dan Coffey and Carole Thornley

Index