UID:
edocfu_9958353477002883
Format:
1 online resource
ISBN:
9781501700866
Series Statement:
Cornell Studies in Political Economy
Content:
How have state policies influenced the development of Japan's telecommunications, computer hardware, computer software, and semiconductor industries and their stagnation since the 1990s? Marie Anchordoguy's book examines how the performance of these industries and the economy as a whole are affected by the socially embedded nature of Japan's capitalist system, which she calls "communitarian capitalism." Reprogramming Japan shows how the institutions and policies that emerged during and after World War II to maintain communitarian norms, such as the lifetime employment system, seniority-based wages, enterprise unions, a centralized credit-based financial system, industrial groups, the main bank corporate governance system, and industrial policies, helped promote high tech industries. When conditions shifted in the 1980s and 1990s, these institutions and policies did not suit the new environment, in which technological change was rapid and unpredictable and foreign products could no longer be legally reverse-engineered. Despite economic stagnation, leaders were slow to change because of deep social commitments. Once the crisis became acute, the bureaucracy and corporate leaders started to contest and modify key institutions and practices. Rather than change at different times according to their specific economic interests, Japanese firms and the state have made similar slow, incremental changes.
Note:
Frontmatter --
,
Contents --
,
Acknowledgments --
,
Acronyms --
,
1. The Dynamics of Communitarian Capitalism --
,
2. Nor ms and Institutions --
,
3. Telephone Titan --
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4. Telecommunications: Obsolete Institutions --
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5. Computers: Coopeartion or Competition? --
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6. Software: Programmed for Failure --
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7. Semiconductors: From Boom to Bust --
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8. Crisis in Communitarian Capitalism --
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References --
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Index
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In English.
Language:
English
DOI:
10.7591/9781501700866
URL:
https://doi.org/10.7591/9781501700866
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