Reprogramming Japan: The High Tech Crisis Under Communitarian Capitalism (Cornell Studies In Political Economy)
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 capita...
Series: Cornell Studies in Political Economy
Paperback: 280 pages
Publisher: Cornell University Press; Reprint edition (September 11, 2015)
Product Dimensions: 6.1 x 0.6 x 9.2 inches
Amazon Rank: 4846045
Format: PDF ePub fb2 djvu book
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The argument of the book is that Japan’s developmental state has its roots in a broader set of social arrangements that have resulted in a distinctive form of capitalism – what she calls “communitarian capitalism.” Beyond the usual institutions that...
gramming 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.