Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990

Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990

Vestal, James

Hardcover

EconomicsGeneral Political ScienceSocial Movements

ISBN10: 0198288085
ISBN13: 9780198288084
Publisher: Clarendon Press
Published: Jan 27 1994
Pages: 256
Weight: 1.22
Height: 0.75 Width: 6.00 Depth: 9.00
Language: English
In addition to providing an overview of Japanese development and industrial policy measures used during the 1945-1990 period, this book assesses the contribution that industrial policy made to Japan's phenomenal economic success. James Vestal concludes that a stable, gradual, and long term perspective was key to Japan's development, rather than picking winners. Policy makers selectively blocked competition in inefficient sectors in order to maintain employment, which was necessary given that Japan's productive capital was decimated in the war. Barriers to competition were raised as the Japanese economy became able to provide full employment at above subsistence wages. Given the enormous upheaval associated with introducing a competitive market structure, the Japanese case has important lessons for Russia and Eastern European nations today.

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