Changing Japanese Capitalism
Societal Coordination and Institutional Adjustment
By (author) Michael A. Witt
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Changing Japanese Capitalism by Michael A. Witt
Book DescriptionEconomic crisis tends to spur change in the 'rules of the game' - the 'institutions' - that govern the economic activity of firms and employees. But after more than a decade of economic pain following the burst of the Japanese Bubble Economy of the 1980s, the core institutions of Japanese capitalism have changed little. In this systematic and holistic assessment of continuity and change in the central components of Japanese capitalism, Michael A. Witt links this slow institutional change to a confluence of two factors: high levels of societal co-ordination in the Japanese political economy, and low levels of deviant behaviour at the level of individuals, firms, and organizations. He identifies social networks permeating Japanese business as a key enabler of societal co-ordination and an obstacle to deviancy, and sheds light on a pervasive but previously under-explored type of business networks, intra-industry loops. Includes a foreword by Gordon Redding.
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Book DetailsISBN: 9780521868600
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 7-Dec-2006
Country of Publication: United Kingdom
Books By Author Michael A. Witt
Oxford Handbook of Asian Business Systems, Paperback (April 2015)
The Handbook explores institutional variations across the political economies of different societies within Asia. It includes empirical analysis of 13 major Asian business systems between India and Japan, and examines these in a comparative, historical, and theoretical context.
Changing Japanese Capitalism, Paperback (February 2011)
A systematic assessment of continuity and change in the central elements of Japanese business since 1990.
Future of Chinese Capitalism, Paperback (January 2010)» View all books by Michael A. Witt
Much has been said about the re-emergence of China to its historical position of eminence in the world economy, yet little is understood about the kind of economic system China is evolving. What are the rules of the game of business in today's China, and how are they likely to change over the next decades?
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Author Biography - Michael A. Witt
Michael Witt is Assistant Professor of Asian Business and Comparative Management in the Economics and Political Science Area of INSEAD.
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