The Japanese Economy Reconsidered

Overview

The Japanese economy has shown paradoxical changes. Its success in forming a company-centered society generated the long downturn toward zero-growth capitalism. The successful spread of information technologies resulted in the deterioration of economic life among working people and a wide fall in birth rate. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward ...
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Overview

The Japanese economy has shown paradoxical changes. Its success in forming a company-centered society generated the long downturn toward zero-growth capitalism. The successful spread of information technologies resulted in the deterioration of economic life among working people and a wide fall in birth rate. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward more competitive markets promoted difficulties among people. This book offers lucid reconsideration of neoliberalism through concrete Japanese experiences.
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Editorial Reviews

Booknews
The drama of the success and deterioration of Japan's economy has attracted global attention and concern. At the end of the 1990s, most Japanese people were uneasy and worried about their economic life as the nation's growth rate took a double downward lurch, from a high of nearly 10 percent to below 4 percent, and then to nearly zero. Itoh (Kokugakuin U., Tokyo) explains what happened to the Japanese economy, studying issues including the impact of information technologies, changes in the nation's industrial structure and family life, and the effects of globalization. He faults the fundamental instability of the capitalist system as well as the application of misguided policy for transferring the burden of Japan's financial crises to the shoulders of the working class. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780333665190
  • Publisher: Palgrave Macmillan
  • Publication date: 3/28/2001
  • Edition description: REV
  • Pages: 169
  • Product dimensions: 5.78 (w) x 8.80 (h) x 0.65 (d)

Meet the Author

Makoto Itoh is Professor of Economics at Kokugakuin University, Tokyo, and Emeritus Professor of the University of Tokyo.
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Table of Contents

Part I: The Long Downturn in the Japanese Economy
High Economic Growth and its Deadlock
Several Phases of Continuous Instability
Strengths and Weaknesses of the Japanese Economy
Toward Zero Growth Capitalism?
Part II: Information Technologies and Competitive Restructuring of Capitalism
The Impact of the Information Revolution
Revitalization of Atomistic Market Economy
Neoliberalism and the Spiral Reversal of Capitalist Development
Part III: Changes in Industrial Structure and Family Life
Industrial Hollowing-out
The Economy Shifts Toward the Tertiary Sector
Changes in Family Life and Challenges of Feminism
Part IV: The Burst of the Bubble and the Political Economy of the 1990s Depression
The Swell of the Bubble
The Burst of the Bubble and Pressure of Depression
Failure and Confusion in Economic Policy
Part V: Asia and Japan in the Process of Globalization
Globalization of the Capitalist Economy
Globalization of Japanese Capitalism
The Asian Connection
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