The Liberal Democratic Party, which dominated postwar Japan, lost
power in the early 1990s. During that same period, Japan's once
stellar economy suffered stagnation and collapse. Now a well-known
commentator on contemporary Japan traces the political dynamics of
the country to determine the reasons for these changes and the
extent to which its political and economic systems have been
permanently altered.
T.J. Pempel contrasts the political economy of Japan during two
decades: the 1960s, when the nation experienced conservative
political dominance and high growth, and the early 1990s, when the
"bubble economy" collapsed and electoral Politics changed. The
different dynamics of the two periods indicate a regime shift in
which the present political economy deviates profoundly from
earlier forms. This shift has involved a transformation in
socioeconomic alliances, political and economic institutions, and
public policy profile, rendering Japanese politics far less
predictable than in the past. Pempel weighs the Japanese case
against comparative data from the United States, Great Britain,
Sweden, and Italy to show how unusual Japan's political economy had
been in the 1960s.
Regime Shift suggests that Japan's present troubles are deeply
rooted in the economy's earlier success. It is a much-anticipated
work that offers an original framework for understanding the
critical changes that have affected political and economic
institutions in Japan.
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