This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation.

Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country 's peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development.

The relationship between various dimensions of its domestic policy experience and Japan 's international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.

This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation. Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country's peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development. The relationship between various dimensions of its domestic policy experience and Japan's international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.

Strategic Approaches to the International Economy brings together a selection of Koichi Hamada's innovative and acclaimed essays on the applications of game theory to international economics, capital movements, migration, income distribution, portfolio choice, law and economics and the Japanese economy.As Professor Hamada says of his own work, 'My analyses are usually simple . . . partly because in some sense I have tried not to follow the fashion of the profession but to pursue what genuinely interests me.' Featuring work published over the last 30 years, this major volume is a triumphant assertion of the value of his approach. The autobiographical essay, which introduces this collection and places his work in context, describes his education in Japan and the United States, his early influences including Takashi Negishi, James Tobin, Richard Cooper and Hirofumi Uzawa, and his development of interests in income distribution, law and economics, and international economics.

This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world's most dynamic region. With contributions from distinguished experts this timely book evaluates the economic and politico-economic arguments and conditions for monetary and financial integration in East Asia. It explores how and to what extent the countries of the region can integrate despite their heterogeneity and their underlying political tensions. Drawing on the European experiences, this book analyzes the economic logic of monetary and financial integration in East Asia and its political feasibility. This invaluable broad analysis will be of interest to academic researchers, students, policy-makers and professional economists working on matters of international economic cooperation, common currency areas, international open economy macroeconomics, and East Asian integration.

This book is a concerted attempt by economists to investigate and offer remedies for some of the difficulties associated with an ageing labor market. The economic problems of ageing combined with a declining population manifest themselves most acutely in the present Japanese economy. Demographic trends present serious social and economic problems for Japan, and the rest of the global community is affected by the ways in which it copes with these difficulties. The contributors to this book study Japan's experience, which is crucial for understanding the nature of ageing problems and for developing feasible policies to address them. Ageing labor markets could distort the employment mechanism, create youth unemployment, and disrupt incentives for human capital formation in younger workers. Though an economic approach is the core methodology in the book, it also encompasses diverse perspectives including sociological considerations of labor markets and negotiating behaviour within households. The international implications of the problems are emphasized in the chapters that deal with immigration and capital markets. This book will be an indispensable tool for economists, policy makers and students concerned with the effects of ageing societies throughout the world.