Japan's New Economy: Continuity and Change in the Twenty-First Century (Hardback)
  • Japan's New Economy: Continuity and Change in the Twenty-First Century (Hardback)
zoom

Japan's New Economy: Continuity and Change in the Twenty-First Century (Hardback)

(editor), (editor), (editor)
£125.00
Hardback 338 Pages / Published: 25/01/2001
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
Japan's economy stumbled in the 1990s. After four decades of rapid growth that transformed Japan into a wealthy country at the world's technological frontier, the last decade brought prolonged economic stagnation. The rapid run-up in asset prices in the late 1980s, followed by their collapse in the early 1990s, left a debt overhang that paralyzed the banking sector. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has seemed impervious to aggressive fiscal stimulus measures and is still plagued by ongoing price deflation. Japan's struggle has called into question the ability of the country's economic institutions - originally designed to support factor accumulation and rapid development - to adapt to the new economic environment of the 21st century. Yet Japan's economy is already changing. Driven by an aging population, rapid technological change, and increasing global competition, the country's public and private institutions are being slowly reshaped. This volume explores the forces that will drive structural and institutional change in three areas over the next decade: the macroeconomy, the organization of industry, and the global economic and political environment. Economists, demographers, and Japan specialists examine key aspects of the economy that will be transformed in coming years, including population and savings, the public pension system, labor markets, financial reforms, deregulation of service industries, productivity performance, foreign investment, trade, and the impact of an emerging China. The volume fills an important gap in the existing economic literature. While much has been written about Japan's pre-1990s institutions and economic performance, this volume is unique in its forward-looking orientation - trying to understand not only the institutional and structural changes that have already reshaped Japan in the 1990s, but to identify the critical trends and institutional changes that will mould Japan's new economy over the next decade.

Publisher: Oxford University Press
ISBN: 9780199241729
Number of pages: 338
Weight: 635 g
Dimensions: 244 x 164 x 23 mm

You may also be interested in...

The Money Machine
Added to basket
£10.99
Paperback
Wildcat Currency
Added to basket
The Rotten Heart of Europe
Added to basket
Logic Problems for Money Minds
Added to basket
Globalizing Capital
Added to basket
Global Financial Systems
Added to basket
The Theory of Money and Credit
Added to basket
Economics: A Very Short Introduction
Added to basket
The Death of Money
Added to basket
Web of Debt
Added to basket
£16.00
Paperback
Stress Test
Added to basket
£9.99
Paperback
Symbols of Power
Added to basket
Understanding Phonetics
Added to basket
Currency Wars
Added to basket
£14.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.