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Planning for change : industrial policy and Japanese economic development, 1945-1990
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Planning for change : industrial policy and Japanese economic development, 1945-1990

Author: James E Vestal
Publisher: Oxford : Clarendon Press ; New York : Oxford University Press, 1993.
Edition/Format:   Book : EnglishView all editions and formats
Summary:
"What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What "lessons" can be learnt from this experience by other nations, be they in the West, or developing countries or economies in transition attempting to introduce competitive market structures? These are some of the main questions addressed in this absorbing  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: James E Vestal
ISBN: 0198288085 9780198288084
OCLC Number: 28181758
Description: x, 244 p. : ill. ; 24 cm.
Responsibility: James E. Vestal.
More information:

Abstract:

"What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What "lessons" can be learnt from this experience by other nations, be they in the West, or developing countries or economies in transition attempting to introduce competitive market structures? These are some of the main questions addressed in this absorbing and thorough study." "Dividing the period into three main phases, the author shows that policy played a crucial role in the initial period of post-war recovery. It did so not by "picking winners" but by creating a stable base from which development could occur by spreading the cost of introducing market competition over time." "In the succeeding high growth period, and more recently, Japan's industrial policy attempts only to promote the development of new technology, and smooth the decline of sectors that are no longer globally competitive. That Japan itself no longer practices industrial policy on a wide scale is an irony little appreciated by those advocating the adoption of a "Japan-style" industrial policy elsewhere."--BOOK JACKET.

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schema:reviewBody""What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What "lessons" can be learnt from this experience by other nations, be they in the West, or developing countries or economies in transition attempting to introduce competitive market structures? These are some of the main questions addressed in this absorbing and thorough study." "Dividing the period into three main phases, the author shows that policy played a crucial role in the initial period of post-war recovery. It did so not by "picking winners" but by creating a stable base from which development could occur by spreading the cost of introducing market competition over time." "In the succeeding high growth period, and more recently, Japan's industrial policy attempts only to promote the development of new technology, and smooth the decline of sectors that are no longer globally competitive. That Japan itself no longer practices industrial policy on a wide scale is an irony little appreciated by those advocating the adoption of a "Japan-style" industrial policy elsewhere."--BOOK JACKET."
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