Circles of Compensation : Economic Growth and the Globalization of Japan / Kent E. Calder.

Format:

Book

Author/Creator:

Calder, Kent E., Author.

Language:

English

Subjects (All):

Economic development--Japan.

Economic development.

Globalization--Economic aspects--Japan.

Globalization.

Japan--Economic policy.

Japan.

Japan--Economic conditions.

Physical Description:

1 online resource (297 pages) : illustrations, tables, graphs

Edition:

1st ed.

Place of Publication:

Stanford, CA : Stanford University Press, [2020]

Language Note:

In English.

Summary:

Japan grew explosively and consistently for more than a century, from the Meiji Restoration until the collapse of the economic bubble in the early 1990s. Since then, it has been unable to restart its economic engine and respond to globalization. How could the same political–economic system produce such strongly contrasting outcomes? This book identifies the crucial variables as classic Japanese forms of socio-political organization: the "circles of compensation." These cooperative groupings of economic, political, and bureaucratic interests dictate corporate and individual responses to such critical issues as investment and innovation; at the micro level, they explain why individuals can be decidedly cautious on their own, yet prone to risk-taking as a collective. Kent E. Calder examines how these circles operate in seven concrete areas, from food supply to consumer electronics, and deals in special detail with the influence of Japan's changing financial system. The result is a comprehensive overview of Japan's circles of compensation as they stand today, and a road map for broadening them in the future.

Contents:

Frontmatter

Contents

Figures

Tables

List of Abbreviations

Preface

Introduction: Confronting the Paradox

1 Paradox and Japanese Public Policy

2 The Circles-of-Compensation Concept

3 The Political Economy of Connectedness

4 Finance

5 Land and Housing

6 Food Supply

7 Energy

8 Transportation

9 Communications

10 Japan’s Domestic Circles and the Broader World

11 Models for the Future

Conclusion: Unraveling the Paradox

Notes

Bibliography

Index

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)

ISBN:

9781503602946

150360294X

OCLC:

1178769702