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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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Japan's Secular Stagnation and Beyond (Hardcover)
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Japan's Secular Stagnation and Beyond (Hardcover)
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This book re-visits the phenomenon of Japanese capitalism in light
of the fate of the North Atlantic and developing economies and
place it in a longer historical political and geopolitical economy
of capitalism from a variety of political and disciplinary
perspectives. Japanese capitalism, which was once an admired model
of miraculous growth with a relatively egalitarian distribution of
income, fell into secular stagnation in the early 1990s. The
phenomenon has since fascinated observers, provoked debates,
provided policy advocates with grist for the mills of a range of
policy proposals, some of them mutually contradictory, and, most
importantly, burdened an entire population, and particularly its
young. Japan's secular stagnation has raised new questions about
policy difficulties on a range of fronts - dramatically lowered
growth rate despite comparatively high investment, deteriorating
labor conditions, rising class and gender inequality, a profound
and many-faceted crisis of social reproduction and a deepening
fiscal crisis of the state - all of which have important
international ramifications. Moreover, interest in and the
importance of Japan's secular stagnation grew rapidly after 2008 as
many have sought to understand the economic malaise of the North
Atlantic by analogy and comparison with all or parts of the
Japanese condition. The chapters in this book attempt to understand
the causes, character and consequence of that original affliction.
They also reflect on the meaning of Japan's secular stagnation at
this stage of development capitalism. The result contains the key
to understanding the more widespread economic malaise of our time.
This book will be a beneficial read for researchers and scholars of
Economics and Politics interested in Japanese Studies as well as
the Japanese political economy. Most of the chapters in this book
were originally published as a special issue of The Japanese
Political Economy. The last chapter was originally published in the
Journal of Contemporary Asia.
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