Japan Remodeled: How Government and Industry Are Reforming Japanese Capitalism b

Description: Japan Remodeled by Steven K. Vogel As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with... FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japans past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fact enacted substantial reforms. Yet Japan never emulated the American model. As government officials and industry leaders scrutinized their options, they selected reforms to modify or reinforce preexisting institutions rather than to abandon them. In Japan Remodeled, Steven Vogel explains the nature and extent of these reforms and why they were enacted.Vogel demonstrates how government and industry have devised innovative solutions. The cumulative result of many small adjustments is, he argues, an emerging Japan that has a substantially redesigned economic model characterized by more selectivity in business partnerships, more differentiation across sectors and companies, and more openness to foreign players. Author Biography Steven Vogel is Associate Professor of Political Science at the University of California, Berkeley. He is the author of Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries, also from Cornell, and editor of U.S.-Japan Relations in a Changing World. Review "Vogels book is a very important contribution that should stand up well for a number of years. His approach is careful, nuanced, appropriately eclectic, somewhat skeptical, and very readable. I believe he successfully explains why economic reform is not causing a convergence between the Japanese version of capitalism and that of the United States (puncturing a belief that was popular among Wall Street investors in the late 1990s). He also provides convincing arguments about the uncertain impact of much of the reform effort." -- Edward J. Lincoln * Journal of Japanese Studies * Long Description As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japans past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fact enacted substantial reforms. Yet Japan never emulated the American model. As government officials and industry leaders scrutinized their options, they selected reforms to modify or reinforce preexisting institutions rather than to abandon them. In Japan Remodeled, Steven Vogel explains the nature and extent of these reforms and why they were enacted.Vogel demonstrates how government and industry have devised innovative solutions. The cumulative result of many small adjustments is, he argues, an emerging Japan that has a substantially redesigned economic model characterized by more selectivity in business partnerships, more differentiation across sectors and companies, and more openness to foreign players. Review Quote "Vogels book is a very important contribution that should stand up well for a number of years. His approach is careful, nuanced, appropriately eclectic, somewhat skeptical, and very readable. I believe he successfully explains why economic reform is not causing a convergence between the Japanese version of capitalism and that of the United States (puncturing a belief that was popular among Wall Street investors in the late 1990s). He also provides convincing arguments about the uncertain impact of much of the reform effort." Details ISBN0801444497 Publisher Cornell University Press Series Cornell Studies in Political Economy Year 2006 ISBN-10 0801444497 ISBN-13 9780801444494 Format Hardcover Imprint Cornell University Press Place of Publication Ithaca Country of Publication United States DEWEY 338.952 Illustrations Illustrations Edition 1st Author Steven K. Vogel Subtitle How Government and Industry Are Reforming Japanese Capitalism Pages 272 Publication Date 2006-03-09 Short Title Japan Remodeled Language English Media Book Audience General/Trade UK Release Date 2006-03-09 We've got this At The Nile, if you're looking for it, we've got it. 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