Finance, Governance, and Competitiveness in Japan
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Finance, Governance, and Competitiveness in Japan by Masahiko Aoki
Book DescriptionFor much of the past half-century, Japan's economic success has stimulated the interest of scholars from around the world. In the last decade, and particularly in the last two years, however, it is Japan's economic difficulties which have attracted the most attention. The very institutions whose efficacy was earlier praised are now often criticised as being the core of Japan's economic problems. This volume brings together the research of many of the world's leading specialists on the Japanese economy to assess how Japan's distinctive economic institutions have operated in the past and how their evolution in the face of changing domestic and international circumstance s will shape the prospects for the Japanese economy in the 21st century. Particular attention is paid to the evolution of Japan's financial system and the changing character of Japanese firm governance, and to the changing role that government and the legal system play in Japan's economy. The authors find among many other important conclusions that far-reaching regulatory reform will be needed so that a new rules-based system allowing greater scope for dispersed private initiative can emerge to restructure and regrow the Japanese economy.
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Book DetailsISBN: 9780198297215
(244mm x 163mm x 21mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 23-Mar-2000
Country of Publication: United Kingdom
Books By Author Masahiko Aoki
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Drawing on behavioural, experimental and neoclassical economics, this volume brings together eminent academics and practitioners to provide working macroeconomic models and explore the social norms governing a post-crisis financial world.
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