Industrial Policy Case Studies In The Japanese Experience

Industrial Policy: Case Studies in the Japanese Experience

For both the United States and Japan, the changing circumstances of the world economy since the 1970s have brought into sharp focus the need for each country to restructure industry. This book, the outcome of a three year joint project by American and Japanese economists, provides new insights into the subject of industrial restructuring. It compares U.S. and Japanese experiences, with perspectives from economic theory, empirical analyses of anti-dumping, cartels, and resource allocation. Overviews of U.S. and Japanese policies are backed up by careful case studies of the adjustment experiences of selected troubled industries.

This newly revised, clearly-presented text looks at Japan's economic history from the nineteenth century through to World War II. Working within a framework based on the theories and approaches of development studies, Francks demonstrates the relevance of Japan's pre-war experience to the problems facing developing countries today, and draws out the historical roots of the institutions and practices on which Japan's post-war economic miracle was based. New features include: * fresh theoretical perspectives * additional material derived from new sources * an increased number of case studies * fully up-dated references and bibliography. This broad-ranging textbook is both topical and easy-to-use and will be of immense use to those seeking an understanding of Japanese economic development.