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Sébastien Lechevalier, The great transformation of Japanese capitalism

Sébastien Lechevalier, The great transformation of Japanese capitalism CONTEMPORARY JAPAN 95 The great transformation of Japanese capitalism, edited by Sébastien Lechevalier, London, Routledge, 2014, 198 pp., US£29.99 (Paperback); US£95.00 (hardback); US£20.99 (eBook), ISBN 978-0-415-71766-3 (translated from French by J. A. A. Stockwin), https://www.routledge.com/The-Great-Transformation-of-Japanese- Capitalism/Lechevalier-Stockwin/p/book/9780415717663 After more than two decades of poor growth performance, Japan seems no longer a model worth studying. However, the assumption that only successful economies are able to provide useful insights is misleading. The question of how Japan’seconomic system, that had been working so well from the 1950s to the 1980s, could suddenly stall and fall behind is not only central for our understanding of the limitations inherent in the factors and mechanisms of the country’s past success. Respective findings might as well be relevant for present and future high growth economies elsewhere. Explanations offered in the literature on why Japan’s system ‘soured’ (Katz, 1998) typically apply a two-step argument. The first step emphasizes fundamental changes in the macro- environment: first, the fast and successful completion of economic and technological catch- up promoting Japan from a follower to a leader in many fields of technology and confronting it with increasingly saturated markets at home and fiercer competition from abroad; second, changes in the economic http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Contemporary Japan Taylor & Francis

Sébastien Lechevalier, The great transformation of Japanese capitalism

Waldenberger, Franz
Contemporary Japan , Volume 29 (1): 4 – Jan 2, 2017
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Sébastien Lechevalier, The great transformation of Japanese capitalism

Abstract

CONTEMPORARY JAPAN 95 The great transformation of Japanese capitalism, edited by Sébastien Lechevalier, London, Routledge, 2014, 198 pp., US£29.99 (Paperback); US£95.00 (hardback); US£20.99 (eBook), ISBN 978-0-415-71766-3 (translated from French by J. A. A. Stockwin), https://www.routledge.com/The-Great-Transformation-of-Japanese- Capitalism/Lechevalier-Stockwin/p/book/9780415717663 After more than two decades of poor growth performance, Japan seems no longer a model...
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Publisher
Taylor & Francis
Copyright
© 2017 Franz Waldenberger
ISSN
1869-2737
eISSN
1869-2729
DOI
10.1080/18692729.2017.1281507
Publisher site
See Article on Publisher Site

Abstract

CONTEMPORARY JAPAN 95 The great transformation of Japanese capitalism, edited by Sébastien Lechevalier, London, Routledge, 2014, 198 pp., US£29.99 (Paperback); US£95.00 (hardback); US£20.99 (eBook), ISBN 978-0-415-71766-3 (translated from French by J. A. A. Stockwin), https://www.routledge.com/The-Great-Transformation-of-Japanese- Capitalism/Lechevalier-Stockwin/p/book/9780415717663 After more than two decades of poor growth performance, Japan seems no longer a model worth studying. However, the assumption that only successful economies are able to provide useful insights is misleading. The question of how Japan’seconomic system, that had been working so well from the 1950s to the 1980s, could suddenly stall and fall behind is not only central for our understanding of the limitations inherent in the factors and mechanisms of the country’s past success. Respective findings might as well be relevant for present and future high growth economies elsewhere. Explanations offered in the literature on why Japan’s system ‘soured’ (Katz, 1998) typically apply a two-step argument. The first step emphasizes fundamental changes in the macro- environment: first, the fast and successful completion of economic and technological catch- up promoting Japan from a follower to a leader in many fields of technology and confronting it with increasingly saturated markets at home and fiercer competition from abroad; second, changes in the economic

Journal

Contemporary Japan – Taylor & Francis

Published: Jan 2, 2017

References