Institutions, Industrial Upgrading, and Economic Performance in Japan: The `Flying-Geese' Paradigm of Catch-Up Growthby T. Ozawa
Pub. Date: 01/01/2005
Publisher: Elgar, Edward Publishing, Inc.
Starting in the 1930s, Akamatsu introduced three patterns of the "flying geese" model of industrial upgrading, first with the fundamental "importing to domestic production to exporting" variant, followed by consumer goods leading to capital goods (in which the crude and simple are succeeded by the complex and refined) and finally resulting in underdeveloped nations aligning behind the industrial nations in the order of their different stages of growth, as in the flying pattern of wild geese. In this lively treatment Ozawa (economics, Colorado State U.) concentrates on the history and results of the first two stages, showing how they come with their own singular logic as the economy passes from reconstruction to modernization and on to higher technologies. Ozawa also shows how institutions and industrial organizations tend to bog down during the first two stages, and how international business is in fact the primary reason for development into the third stage. Annotation ©2005 Book News, Inc., Portland, OR
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >