Japanese Views on Economic Development: Diverse Paths to the Market

Japanese Views on Economic Development: Diverse Paths to the Market

Japanese Views on Economic Development: Diverse Paths to the Market

Japanese Views on Economic Development: Diverse Paths to the Market

Synopsis

This book is the first systematic exposition in the English language of the Japanese approach to economic development and transition policy. Broad in scope, it touches on history, economic anthropology and politics.

Excerpt

Problems that development economics must deal with are becoming increasingly complex as East Asian newly industrializing tigers and their followers roar, while many countries in Sub-Saharan Africa, in particular, continue to stagnate. Former socialist economies in their bold jump from plan to market have had winners and losers. the widening gap between the successful minority and the struggling majority in the developing world is striking and calls for rethinking existing development strategy.

From the 1980s to date, the dominant idea in the global development scene has been neoclassical economic liberalism as practiced by the international financial organizations, led by the World Bank and the International Monetary Fund. This Washington consensus—featuring stern macroeconomic restraint and rapid economic liberalization and privatization—has come under attack from several quarters, not least from the countries which are themselves going through structural adjustment with Bank and Fund technical and financial assistance.

Meanwhile, in Japan, which now is the number one provider of official development assistance (ODA), a new approach to economic development and systemic transition has emerged. This approach, though still in its infancy, has come to be accepted by officials and scholars shaping Japan’s oda policy in the last several years. Unfortunately, many of its key writings are in Japanese and have been inaccessible to foreign researchers. This volume translates them into English and makes them available to a wider, non-Japanese speaking audience for discussion and constructive criticism. For those who have naively thought that the Japanese approach is simply to recommend industrial policy to any late-comer country, this book will be an eye opener.

The authors contributing to this volume are each well known to Japanese oda policy-makers—if not to the Japanese economics profession at large or to scholars and practitioners outside Japan. We have selected essays which are frequently quoted, present key concepts, or illustrate unique Japanese preferences. Except for the newly written overview chapter, all chapters in this volume are chosen from the body of literature existing in the first half of the 1990s. Thus, style and target audience vary from one chapter to another. Some originals are cleanly-edited published works, while others retain a certain unfinished quality.

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.