The economic system of 'high-growth-period' Japan was characterized
by various properties such as its unique banking system, industrial
policy and lifetime employment. Juro Teranishi argues that since
the 'bubble period' and the subsequent severe downturn of the
economy during the 1990s, Japan's economic system has been
undergoing extensive changes. This book is informed by a historical
evaluation of the 'high-growth-period' economic system in
comparison with the preceding Meiji-Taisho economic system, set
within a framework incorporating the role of the government and the
private sector economic system as well as the government-private
sector interface. Factors are identified that determined the
emergence of the Japanese economic system, and the nature of, and
reasons for, its transformation. Juro Teranishi reveals how the
'high-growth-period' economic system emerged because of the failure
of the Meiji-Taisho economic system to adapt to changes in
exogenous conditions, and that it is now obliged to change in order
to accommodate those changes that took place during the 1990s. The
book also includes a valuable evaluation of the performance of the
Japanese economic system in terms of not only the growth of GDP,
but also income distribution. Juro Teranishi's book will appeal to
scholars and students of the Japanese economy, institutional and
financial economics, and corporate governance.
General
| Imprint: |
Edward Elgar Publishing Ltd
|
| Country of origin: |
United Kingdom |
| Release date: |
May 2005 |
| Authors: |
Juro Teranishi
|
| Dimensions: |
234 x 156 x 27mm (L x W x T) |
| Format: |
Hardcover
|
| Pages: |
360 |
| ISBN-13: |
978-1-84376-163-1 |
| Categories: |
Books >
Business & Economics >
Economics >
General
|
| LSN: |
1-84376-163-7 |
| Barcode: |
9781843761631 |
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