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Circles of compensation : economic growth and the globalization of Japan

Author: Kent E Calder
Publisher: Stanford, California : Stanford University Press, [2017]
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Japan grew explosively and consistently for more than a century, from the Meiji Restoration until the collapse of the economic bubble in the early 1990s. Since then, it has been unable to restart its economic engine and respond to globalization. How could the same political-economic system produce such strongly contrasting outcomes? This book identifies the crucial variables as classic Japanese forms of  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Calder, Kent E.
Circles of compensation.
Stanford, California : Stanford University Press, 2017
(DLC) 2017005239
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kent E Calder
ISBN: 9781503602946 150360294X
OCLC Number: 973222722
Description: 1 online resource
Contents: Introduction : confronting the paradox --
Paradox and Japanese public policy --
The circles-of-compensation concept --
The political economy of connectedness --
Finance --
Land and housing --
Food supply --
Energy --
Transportation --
Communications --
Japan's domestic circles and the broader world --
Models for the future --
Conclusion : unraveling the paradox.
Responsibility: Kent E. Calder.

Abstract:

Japan grew explosively and consistently for more than a century, from the Meiji Restoration until the collapse of the economic bubble in the early 1990s. Since then, it has been unable to restart its economic engine and respond to globalization. How could the same political-economic system produce such strongly contrasting outcomes? This book identifies the crucial variables as classic Japanese forms of socio-political organization: the "circles of compensation." These cooperative groupings of economic, political, and bureaucratic interests dictate corporate and individual responses to such critical issues as investment and innovation; at the micro level, they explain why individuals can be decidedly cautious on their own, yet prone to risk-taking as a collective. Kent E. Calder examines how these circles operate in seven concrete areas, from food supply to consumer electronics, and deals in special detail with the influence of Japan's changing financial system. The result is a comprehensive overview of Japan's circles of compensation as they stand today, and a road map for broadening them in the future.

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"Circles of Compensation is a beautifully written breakthrough analysis of how to think about one of the world's most important nations. Its conclusions have powerful implications for anyone Read more...

 
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