Within economics, few issues are more central than the role of the
state in the economy; within Japanese studies, few are more central
than the role the Japanese government has played in post-war
economic growth. With exquisite attention to theory and meticulous
attention to detail, this book focuses on both these topics with
startling results. Yoshiro Miwa asks whether a state can correct
market failures and in particular critically analyses the
performance of the Japanese economy as a result of state
intervention within it. In order to examine the capacity of the
state to promote growth, Miwa examines the Japanese machine tool
industry, the government's role in promoting this sector and
government efforts to achieve growth in small and medium sized
enterprises in Japan. Despite the huge interest worldwide in
Japan's economic history and industrial performance, there is no
other book that has approached this important topic in such a
comprehensive and incisive manner.
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