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Institutional Changein Japan Magnus BlomströmSumner J. La Croix2006 год

Institutional Change in Japan
preprint

Полный текстСтраница публикацииПубликация в OpenAlex
Аннотация: After four decades of rapid growth that transformed Japan into a wealthy country at the world's technological frontier, the decade of the 1990s 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 economy.Policy reforms were initially halfhearted, and businesses were slow to restructure as the global economy changed.Indeed, 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 twenty-first century.Institutional Change in Japan analyzes institutional change within this period of economic transition.It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, the amakudari system and marriage and family.Importantly this analysis is grounded in a broad historical and international context, with comparisons made to Meiji Japan as well as to recent economic and financial reforms in Korea, Switzerland and New Zealand.A leading field of international contributors contend that, contrary to conventional wisdom, there has been significant institutional change over the last decade.Institutional Change in Japan consequently offers a fresh perspective to the current debate that will be essential reading for those studying the Japanese economy, economic history/futures and institutional economics.
Год издания: 2006
Авторы: Magnus Blomström, Sumner J. La Croix
Ключевые слова: Asian Industrial and Economic Development, Housing, Finance, and Neoliberalism, Social Policy and Reform Studies
Другие ссылки: doi.org (HTML)
Directory of Open access Books (OAPEN Foundation) (HTML)
BiblioBoard Library Catalog (Open Research Library) (HTML)
Econstor (Econstor) (PDF)
Econstor (Econstor) (HTML)