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Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990 Book

Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990
Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990, What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What lessons can be learnt from this experience by other nations, be they in the West, or deve, Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990 has a rating of 3.5 stars
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Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990, What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What lessons can be learnt from this experience by other nations, be they in the West, or deve, Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990
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  • Planning for Change: Industrial Policy and Japanese Economic Development 1945-1990
  • Written by author James E. Vestal
  • Published by Oxford University Press, USA, January 1994
  • What has been the role of government industrial policy in Japan's extraordinary post-war development? How has the role changed in successive phases of growth? What "lessons" can be learnt from this experience by other nations, be they in the West, or deve
  • In addition to providing an overview of Japanese development and industrial policy measures used during the 1945-1990 period, this book assesses the contribution that industrial policy made to Japan's phenomenal economic success. James Vestal concludes th
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List of Figures
List of Tables
1Introduction1
2Economic Recovery, Rapid Growth, and Industrial Policy13
2.1Post-War Recovery and the Occupation of Japan (1945-1952)13
2.2The Second Chance: Industry Rationalization, Modernization, and Growth (1952-1960)28
2.3Trade Liberalization in a Maturing Economy (1961-1970)43
2.4Fragmenting National Consensus and External Shocks (1970-1973)56
3Methodological Issues in Evaluating Japanese Industrial Policy62
3.1A Simple Dynamic Framework62
3.2Policy Optimality, Policy Feasibility, and Policy Effectiveness68
3.3Historical View of Industrial Policy74
4Evidence on the Efficacy of Industrial Policy During the High-Growth Period81
4.1The Rationality of Industrial Policy82
4.2The Impact of Industrial Policy on Resource Allocation98
4.3Policy Impact on Potential Growth101
4.4Institutional Requirements for Policy Efficacy107
5Industrial Policy and the Japanese Steel Industry (1945-1990)115
5.1Priority Production and the Japanese Steel Industry (1946-1949)116
5.2Rationalization and Modernization (1950-1960)118
5.3Trade Liberalization, Mergers, and Excess Capacity (1961-1973)125
5.4Industrial Policy Towards a Declining Steel Industry (1971-1990)133
5.5Evaluating Industrial Policy Towards Steel136
6Lessons for Developing Countries145
6.1Policy Success and Failure: Economic insights146
6.2The Favours of History154
6.3Implementing Industrial Policy in Other Developing Nations160
7External Shocks, Industrial Policy, and the Search for Balanced Growth169
7.1Adjusting to the Oil Crises (1973-1981)170
7.2Administrative Reform, Export-Led Growth, and Trade Friction - the Search for Balanced Development (1981-1990)179
8Evaluating Recent Industrial Policy (1973-1990)190
8.1Reaction to the Oil Crises: Policy Rationality and Policy Impact in the 1970s191
8.2Policy Rationality and Policy Impact in the 1980s205
8.3Lessons for Industrialized Nations215
9Japanese Industrial Policy, Past and Future219
9.1Industrial Policy as an Explanation for Growth220
9.2The Future Role of Industrial Policy in Japan225
9.3Some Qualifications231
Bibliography233
Index239


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