Comparing economic systems : Italy and Japan / edited by Andrea Boltho, Alessandro Vercelli, and Hiroshi Yoshikawa.

Format:

Book

Contributor:

Boltho, Andrea.

Vercelli, Alessandro.

Yoshikawa, Hiroshi, 1951-

Language:

English

Subjects (All):

Economic conditions.

Italy--Economic conditions--20th century.

Italy.

Japan--Economic conditions--20th century.

Japan.

Physical Description:

xviii, 250 pages : illustrations ; 22 cm

Place of Publication:

Houndmills, Basingstoke, Hampshire, [England] ; New York, N.Y. : Palgrave, 2001.

Summary:

This book compares the Italian and Japanese economies in a number of areas, including corporate governance, growth, financial and foreign trade structures, labour markets, and industrial organization. The two economies have often been successful thanks to institutions, policies, and practices that differ importantly from those of the dominant Anglo-American model. Often the essays are the result of collaborative ventures between specialists coming from both countries.

Contents:

2 Growth, cycles and employment 2

3 External economic relations 6

4 Governance and government 8

2 Divergences in Corporate Governance Models: The Role of Institutional Shocks / Fabrizio Barca, Katsuhito Iwai, Ugo Pagano, Sandro Trento 15

2 The diversity of business organizations: a theory of the relevance of institutional shocks 16

3 Continuity and discontinuity in Japan's corporate system 23

4 The United States' 'anti-capitalist' revolution in Japan 27

5 Changes in Italian corporate governance between the wars 29

6 Continuity and change in Italian corporate governance in the postwar period 31

3 Economic Growth: The Role of Demand / Massimo Di Matteo, Hiroshi Yoshikawa 41

2 The era of 'super growth': 1950-1970 45

3 The oil shocks and after: the 1970s and the 1980s 56

4 Italy's Financial System: Banks and Industrial Investment / Marcello de Cecco, Giovanni Ferri 64

2 Changing patterns in industrial and financial structure 65

3 A real and a 'would-be' merchant bank 74

4 The second tier: commercialisti, local banks and the financing of small firms 76

5 Japan's Financial System: A Failure of Corporate Governance? / Akiyoshi Horiuchi 85

2 Preconditions for the bank-centred financial system 86

3 The shortcomings of governance in bank management 90

4 A vacuum of governance and delayed responses 99

6 Foreign Trade Performance: From Early Similarities to Present Diversity / Andrea Boltho 107

2 Trends 108

3 Some explanations 117

4 An interpretation 122

7 Labour Market Performance and Job Creation / Yuji Genda, Maria Grazia Pazienza, Marcello Signorelli 135

2 Labour market structures and performance 136

3 Job creation and job destruction 140

4 Why has employment performance been so different? 149

Appendix Concepts and data used 154

8 Small Firms and Manufacturing Employment / Paolo Carnazza, Alessandro Innocenti, Alessandro Vercelli 158

2 Longer-run trends 160

3 The nature of subcontracting 161

4 The impact of exchange rate changes 169

9 The Distribution Structure: An Evolutionary Analysis / Kiyohiko G. Nishimura, Lionello F. Punzo 177

2 Theory 179

3 Evidence 185

4 Interpretation 188

Appendix Construction of distribution margin ratios and data sources 195

10 Education, Training and Labour Market Structure / Giorgio Brunello, Tsuneo Ishikawa 198

2 The stylized facts 200

3 Economic implications 208

11 The Silk Industry: A Historical Perspective / Giovanni Federico, Kanji Ishii 221

2 Main characteristics of the industry 223

3 International competition 225

4 Reasons for differential performances 228

5 Silk and economic development 236.

Notes:

Includes bibliographical references and indexes.

ISBN:

0333928938

OCLC:

45466239