Planning for Change
Industrial Policy and Japanese Economic Development 1945-1990
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Product details:
- Publisher OUP Oxford
- Date of Publication 26 October 1995
- ISBN 9780198290278
- Binding Paperback
- No. of pages256 pages
- Size 234x156x15 mm
- Weight 442 g
- Language English
- Illustrations line figures, tables 0
Categories
Short description:
This book evaluates the role that government industrial policy, through agencies such as MITI, has played in Japan's extraordinary post-war development. It shows that a stable, gradual, and long-term perspective was the key to Japan's development, rather than `picking winners'. The author believes that Japan's experience has relevance to the challenges facing the transitional economies. He also points out the way that in recent years - when so much attention in the West has turned to Japan - that industrial policy has actually shrunk there.
MoreLong description:
What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What "lessons" can be learnt from this experience by other nations, be they in the West, or developing countries or economies in transition attempting to introduce competitive market structures? These are some of the main questions addressed in this absorbing and thorough study.
Dividing the period into three main phases, the author shows that policy played a crucial role in the initial period of post-war recovery. It did so not by "picking winners" but by creating a stable base from which development could occur by spreading the cost of introducing market competition over time.
In the succeeding high growth period, and more recently, Japan's industrial policy attempts only to promote the development of new technology, and smoothe the decline of sectors that are no longer globally competitive. That Japan itself no longer practices industrial policy on a wide scale is an irony little appreciated by those advocating the adoption of a "Japan-style" industrial policy elswhere.
extensively researched book ... Japan's industrial policy has been debated with too much passion and too little data, and this book is a conscientious effort to rectify the situation
