Japan's Managed Globalization: Adapting to the Twenty-First Century

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Overview

As Japan entered the twenty-first century, there was great uncertainty about how it would cope with the pressures of economic globalization. Many of the traditional policies that Japan's government used to actively support domestic industries are no longer feasible, as industrial change, domestic deregulation, and economic globalization challenged the pillars of the old system of industrial policy. By bringing together in-depth case studies of seven critical issue-areas, this book looks at Japan's responses to globalization and attempts to shape the international trade environment to its own needs. It is the first scholarly analysis of how Japan's government and firms have sought to manage the process and effects of globalization through innovative policies that the authors call "permeable insulation": a pragmatic utilization of new rules and circumstances to continue industrial policies of promotion or protection. Japan's response to the global and domestic challenges of the 1990s is neither one of full acceptance nor rejection of global standards and practices. Instead, the result is sectorally differentiated policies that are often not what they seem and that show as many breaks with the past as continuities with old patterns. This edited volume, with well-researched chapters, demonstrates the relevance of the dual-track concept of "permeable insulation" for understanding Japan and the challenges that Japan must cope with in the increasingly multilateral trade and policy environment of the twenty-first century.
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Product Details

  • ISBN-13: 9780765609526
  • Publisher: Sharpe, M. E. Inc.
  • Publication date: 12/11/2002
  • Edition description: New Edition
  • Pages: 278
  • Product dimensions: 6.02 (w) x 8.98 (h) x 0.67 (d)

Table of Contents

List of Tables and Figures
List of Abbreviations
Preface
Pt. I Introduction
1 Introduction: The Emergence of Permeable Insulation 3
2 Japanese Policy Making in a World of Constraints 17
Pt. II International Political Economy and Permeable Insulation
3 Internationalization as Insulation: Dilemmas of the Yen 47
4 Sword and Shield: The WTO Dispute Settlement System and Japan 77
5 Adjustment Through Globalization: The Role of State FDI Finance 101
6 Integrated Production in East Asia: Globalization without Insulation? 124
Pt. III Domestic Political Economy and Permeable Insulation
7 METI and Industrial Policy in Japan: Change and Continuity 159
8 Industry Rules: From Deregulation to Self-Regulation 191
9 Changing Japanese Corporate Governance 215
Pt. IV Conclusion
10 Permeable Insulation and Japan's Managed Globalization 243
About the Editors and Contributors 255
Index 257
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