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Japan's Network Economy - Structure, Persistence, and Change (Hardcover)
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Japan's Network Economy - Structure, Persistence, and Change (Hardcover)
Series: Structural Analysis in the Social Sciences
Expected to ship within 12 - 17 working days
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Japan's economy has long been described as network-centric. A web
of stable, reciprocated relations among banks, firms, and
ministries, is thought to play an important role in Japan's ability
to navigate smoothly around economic shocks. Now those networks are
widely blamed for Japan's faltering competitiveness. This book
applies structural sociology to a study of how the form and
functioning of this network economy has evolved from the prewar era
to the late 90s. It asks whether, in the face of deregulation,
globalization, and financial disintermediation, Japan's corporate
networks - the keiretsu groupings particularly - have 'withered
away', losing their cohesion and their historical function of
supporting member firms in hard times. Using detailed quantitative
and qualitative analysis, this book's conclusion is a qualified
'yes'. Relationships remain central to the Japanese way of
business, but are much more subordinated to the competitive
strategy of the enterprise than the network economy of the past.
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