Economic And Policy Lessons From Japan To Developing Countries
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Economic and Policy Lessons from Japan to Developing Countries by T. Toyoda,J. Nishikawa,H. Kan Sato,Hiroshi Kan Sato Pdf
Written by fifteen leading academics from the Japan Society for International Development (JASID), this book undertakes a review of Japan's economic development over the last 150 years, and seeks to clarify Japanese priorities in domestic and foreign policy for the coming decades.
Learning from the Japanese by E. Wayne Nafziger Pdf
With the collapse of the Soviet economy in the early 1990s, Japan has become the major non-Western model for late developing countries. This book looks at Japan's early economic modernisation to see if today's low-income countries can learn any lessons.
In the twentieth century Japan emerged as one of the world’s leading economic powers: rising from wartime destruction to a leading economic engine in world markets. Japan’s economic aid policy, beginning with war reparations following its defeat in World War II, became a vehicle to help achieve this economic success. As the country continued to flourish, economic aid also became a means of expanding the country’s influence in an era of increasing globalization, providing an alternative strategy for helping developing nations escape the traps of poverty: a strategy drawn from its own experience of reemergence. And as we stand at the beginning of a new century, Japanese aid policy may also serve as a potential model for other nations who are on the cusp of entering high-income status and the group of elite world donors: a model that in many ways lies in contrast to policies espoused by other advanced Western nations. The book Japan’s Aid examines the strengths and weaknesses of Japanese aid policy in all of these dimensions: in fostering economic growth in both its own economic success story and in the numerous countries to which it has served as the single largest bilateral donor over many years; and as a policy that other nations might emulate. Through a combination of insightful case studies and rigorous econometric investigation, the book presents a comprehensive examination of the pros and cons of Japan’s aid.
Urban and Industrial Management in Developing Countries by Wilfrido Cruz,Kazuhiko Takemoto,Jeremy J. Warford Pdf
This book summarizes the key features of Japan's work to resolve the urban and industrial pollution problems stemming from its rapid post-war industrial expansion. Drawing upon views expressed by Japanese and participants from other East Asian countries in an international workshop, this book identifies the main areas in which developing countries may profit from the Japanese example. The report also contains a series of short essays by Japanese experts on Japan's environmental management history, recent trends in Japanese environmental indicators, and summaries of key themes that emerged during the workshop.
Japan’s Lost Decade by Naoyuki Yoshino,Farhad Taghizadeh-Hesary Pdf
This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.
The issue of how to achieve value for money from government-funded R&D has over recent years become increasingly important in all industrial nations. The findings of a study which surveys the methods and techniques used to evaluate applied research in Japan are presented. Their analysis determines what lessons can be learned from the approaches to evaluation employed in the main Japanese mission-oriented agencies, in particular MITI and the Science and Technology Agency. First published in 1988, this title is part of the Bloomsbury Academic Collections series.
Japan and a New World Economic Order by Kyoshi Kojima Pdf
President Nixon’s new economic policy of August 1971, aggravated by the oil problem since October 1973 caused chaos and uncertainty in the international trade and currency system. There were fears of another 1930s style depression. In addition, a world food shortage and strident claims by developing countries for perpetual sovereignty over resources added another set of difficulties. This volume, written from Japan’s standpoint, suggests a new direction for the world and regional economic order. The book tackles two major issues in international economics: Firstly, traditional international trade theory aims only at static maximization in the use of world human and material resources, but, the author stresses more attention should be paid to such dynamic or developmental elements as population growth, immigration, natural resource development, improvement in transfer of technology, economies of scale, direct foreign investment and economic integration in order to create development centres or sectors in the world economy. Secondly, the author discusses how to combine a global and regional approach to economic integration.
Asian Development by William E. James,Seiji Naya,Gerald M. Meier Pdf
While the world's attention has been focused on the spectacular economic success of Japan and Korea, the less developed countries of Asia have often been neglected. Asian Development closes the gap. In nontechnical style and with minimal mathematics, it presents an in-depth perspective on the economic development of fourteen countries in East, Southeast, and South Asia. Asian Development is mainly a story of success. Though some problems remain, Asian countries have shown remarkable resilience in responding to sharp changes in the international economy--oil shocks, world recession and inflation, exchange-rate and interest-rate fluctuations, and rapid technological change. The authors conclude that their ability to adjust to changing external conditions is closely related to intelligent governmental policies. Looking back they comment: "In the past, growth of the United States and Japan pulled up the growth rates of the smaller economies in the region." Looking forward, they predict: "In the future, increasingly it will be the growth of the Asian developing countries that acts as a catalyst to growth in the more advanced economies."
The Economic Development of Japan and Korea by Chung H. Lee,Ippei Yamazawa Pdf
Sponsored by the East-West Center in Honolulu, this volume brings together papers by a distinguished group of Korean and Japanese experts to examine the similarities and differences between the development experiences of Japan and Korea. In an attempt to identify the common factors which could account for the phenomenally successful economic development of the two countries, the contributors explore six topics and their roles in economic development: trade, government, the impact of imported technology, financial systems and policies, agriculture, and the educational and social basis of development. As the first volume to present an extended comparison of the two economies in a single source, The Economic Development of Japan and Korea will be of significant interest to scholars in development economics, Asian studies, and international economics. The contributors demonstrate that although there are both similarities and differences in the economic development of Japan and Korea, the two can be regarded as having followed the same general pattern of development. Both countries are resource-poor and have relied on trade as the engine of development. In addition, both governments have played an active role in economic development, in marked contrast to the situation in the West. By exploring in turn the role played by such factors as export trade, public policy, and education, the contributors show that the success of Japan and Korea can be attributed to the right combination of a private market system and the autonomous state. Their conclusions have important implications for the governments of other developing countries struggling with problems and issues inherent in attempts to foster sustained economic growth.
Restoring Japan's Economic Growth by Adam Simon Posen Pdf
Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation.
Japan's Great Stagnation by Michael M. Hutchison,Frank Westermann Pdf
Experts on the Japanese economy examine Japan's prolonged period of economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration. After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it is only now emerging. Japan's malaise, marked by recession or weak economic activity, commodity and asset price deflation, banking failures, increased bankruptcies, and rising unemployment, has been the most sustained economic downturn seen in the industrial world since the 1930s. In Japan's Great Stagnation, experts on the Japanese economy consider key questions about the causes and effects of Japan's prolonged period of economic underperformance and what other advanced economies might learn from Japan's experience. They focus on aspects of the financial and banking system that have contributed to economic stagnation, the role of monetary policy, and the importance of international financial factors--in particular, the exchange rate and the balance of payments. Among the topics discussed are bank fragility and the inaccuracy of measuring it by the "Japan premium," the consequences of weak banking regulation, the controversial policy of "quantitative easing," and the effectiveness of currency devaluation for fighting deflation. Taken together, the contributions demonstrate the importance of a sound financial sector in fostering robust growth and healthy economies--and the enormous economic costs of a dysfunctional financial system. Contributors Yoichi Arai, Robert Dekle, Zekeriya Eser, Eiji Fujii, Kimie Harada, Takeo Hoshi, Michael M. Hutchison, Takatoshi Ito, Ken Kletzer, Nikolas Müller-Plantenberg, Kunio Okina, Joe Peek, Eric S. Rosengren, Shigenori Shiratsuka, Mark M. Spiegel, Frank Westermann, Nobuyoshi Yamori
American Enterprise Institute for Public Policy Research,Conference Board on U.S.-Japan Economic Policy,Japan-U.S. Assembly, 1st, Tokyo, Japan, 1974
Author : American Enterprise Institute for Public Policy Research,Conference Board on U.S.-Japan Economic Policy,Japan-U.S. Assembly, 1st, Tokyo, Japan, 1974 Publisher : Washington : American Enterprise Institute for Public Policy Research Page : 176 pages File Size : 52,8 Mb Release : 1975 Category : Japan ISBN : STANFORD:36105036297013
The Japan-U.S. Assembly : Proceedings of a Conference on Japan-U.S. Economic Policy by American Enterprise Institute for Public Policy Research,Conference Board on U.S.-Japan Economic Policy,Japan-U.S. Assembly, 1st, Tokyo, Japan, 1974 Pdf
