Economic Ideology and Japanese Industrial Policy
Developmentalism from 1931 to 1965
By (author) Bai Gao
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Economic Ideology and Japanese Industrial Policy by Bai Gao
Book DescriptionIn this major addition to the literature on modern Japanese development, Bai Gao emphasizes the role of ideas and ideology in industrial policy, and explores how the Japanese themselves perceived the issue of economic development. During the Great Depression and World War II, the ideology of developmentalism - characterized by a nationalistic perspective, a production orientation, and a strategic view of the economy including restraint of market competition and rejection of the profit principle - emerged and strongly influenced policy innovation in Japan and institutional reforms in its economy. Liberal capitalism in the postwar era demilitarized the Japanese economy, and forced developmentalism to adapt to democratic political institutions and the free trade regime. Nevertheless, the economic principles that served to combat the Great Depression and sustain total war during the period 1931-45 survived. Transformed from a military to a trade strategy, developmentalism became the basic framework of Japanese industrial policy, facilitating economic growth and the development of modern economic institutions.
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Book DetailsISBN: 9780521894500
(228mm x 152mm x 22mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 16-May-2002
Country of Publication: United Kingdom
Books By Author Bai Gao
Japan's Economic Dilemma, Hardback (August 2001)
Bai Gao explains Japan's economic reversal from miracle growth to the slump of the 1990s.
Economic Ideology and Japanese Industrial Policy, Hardback (July 1997)» View all books by Bai Gao
A major addition to the literature on modern Japanese development, emphasizing the role of ideas and ideology.
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