A History of Japanese Trade and Industry Policy

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Despite the destruction of its social and economic infrastructure during the Second World War, Japan's subsequent remarkable recovery and growth propelled it rapidly into the ranks of the developed nations. In order to trace this post-war transformation formally, the Japanese Ministry of International Trade and Industry (MITI) convened a committee of independent academics to compile a seventeen-volume History of Japanese Trade and Industry Policy, of which this volume acts as a summary. Translated for the first time into English, it examines the planning, drafting, and implementation of various policies adopted by MITI against their economic and industrial background in the period from 1945 to 1979.
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Product Details

  • ISBN-13: 9780198292517
  • Publisher: OUP Oxford
  • Publication date: 12/28/2000
  • Pages: 672
  • Product dimensions: 5.90 (w) x 9.10 (h) x 1.60 (d)

Meet the Author

Mikio Sumiya is Professor Emeritus, the University of Tokyo. He is Director of Section One of the Japan Academy.

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Table of Contents

1 The Post-War Development of the Japanese Economy 5
2 The Transformation of the Economic Structure during Occupation 20
3 The Formation of the Post-War Industrial System 51
4 Economic Growth and the Industrial Order 70
5 The Emergence of Japan as an Economic Superpower in the Changing Global Economy 96
6 Post-War International Trade and Industry Policy and Economic Growth 114
7 The Formulation and Reversal of the Japanese Occupation Policy 153
8 Continuity and Change: Pre-War and Post-War Years 170
9 Economic Rehabilitation and Industrial Policy 186
10 The Reopening of Foreign Trade and the Establishment of MITI 205
11 The Korean War and Special Procurements 227
12 Building the Foundation for a Self-Supporting Economy, and MITI Policy 235
13 The Reorganization of the Political and Economic Order 253
14 The End of Special Procurements, and the Fragile Economic Structure 266
15 Rationalization of Key Industries and the Nurturing of New Industries 289
16 Export Promotion and the Relaxation of Trade and Exchange Controls 345
17 Changing Policy Keynote and Measures 363
18 The Development Process of Rapid Economic Growth 389
19 The Development Process of Innovation 398
20 Economic Planning and International Trade and Industry Policy 432
21 Trade and Capital Liberalization and International Trade Policy 452
22 The Evolution of Industrial Structure Policy 469
23 The Fruits of Rapid Growth and the Response to Diversified Policy Issues 490
24 The Transition to a Floating Exchange Rate System and the Oil Crises 507
25 Energy Measures and Structurally Depressed Industries 531
26 The Implementation of Measures to Cope with Rising Commodity Prices, and Consumer Protection Policy 551
27 Problems of the Post-High-Level Growth Period 568
28 The Roles of Trade and Economic Cooperation in the Evolution into a Major Economic Power 583
29 The Nurturing of Advanced Technology Industries, and Policy Vision 610
Index 637
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