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Japan is currently undergoing many interesting changes, which the
Japanese government trumpets as fundamental reform, but which some
observers suspect will turn out to be superficial, part of a long
sequence of changes which have been much less far-reaching than at
first anticipated. This book provides a survey of the many changes
currently in progress in Japan, including political reform,
economic deregulation and liberalisation, and reforms to
environmental policy, science and technology, education, and
immigration policy. The essays in this volume explore the reform
process in Japan overall, and provides a thorough overview of major
current developments in Japan.
Japan is currently undergoing many interesting changes, which the Japanese government trumpets as fundamental reform, but which some observers suspect will turn out to be superficial, part of a long sequence of changes which have been much less far-reaching than at first anticipated. This book provides a survey of the many changes currently in progress in Japan, including political reform, economic deregulation and liberalisation, and reforms to environmental policy, science and technology, education, and immigration policy. The essays in this volume explore the reform process in Japan overall, and provides a thorough overview of major current developments in Japan. eBook available with sample pages: 0203220471
Debates regarding corporate governance have become increasingly
important in Japan as the post-war model of bank-based,
stakeholder-oriented corporate governance faces the new pressures
associated with globalization and growing investor demands for
shareholder value. Bringing together a group of leading scholars
from economics, law, sociology and management studies, this book
looks at how the Japanese approach to corporate governance and the
firm have changed in the post-bubble era. The contributions offer a
unique empirical exploration of why and how Japanese firms are
reshaping their corporate governance arrangements, leading to
greater diversity among firms and new 'hybrid' forms of corporate
governance. The book concludes by looking at what effect these
incremental but transformative changes may have on Japan's
distinctive variety of capitalism.
This book uses comparative institutional analysis to explain
differences in national economic performance. Countries have their
own rules for corporate governance and they have different market
arrangements; and these differences in rules and organization
affect the way firms behave. Countries also tend to develop
conventions of organizational architechture of firms, whether their
hierarchies are functional, horizontal, or decentralized. This
affects the way in which they process information, and information
management is increasingly seen as being of crucial importance to a
firm's performance.
Aoki accords more importance to these factors than to the factors
conventionally used in applying a neoclassical model of economic
efficiency. He applies game theory, contract theory, and
information theory. By describing the rules and norms in Japan, the
USA, and the transitional economies, Aoki shows how firms can
achieve competitive advantage in international markets if these
conventions and rules are well suited to the industrial sector in
which the firms operate. He is particularly concerned with how
Japan, with its main bank and lifelong employment systems, as well
as information-sharing firm organizational structure, might reform
its institutions to maintain competitive advantage in the world
economy.
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