Economic ideology and Japanese industrial policy : developmentalism from 1931 to 1965 /

Economic ideology and Japanese industrial policy : developmentalism from 1931 to 1965 /

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Bibliographic Details
Author / Creator:	Gao, Bai, 1955-
Imprint:	Cambridge ; New York : Cambridge University Press, 1997.
Description:	1 online resource (xiv, 364 pages)
Language:	English
Subject:	Industrial policy -- Japan. Economic history. Economic policy. Industrial policy. Japan -- Economic conditions -- 1918-1945. Japan -- Economic conditions -- 1945-1989. Japan -- Economic policy -- 1945-1989. Japan.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12355895

Hidden Bibliographic Details
ISBN:	9780511665318 0511665318 0521582407 9780521582407 0521894506
Notes:	Includes bibliographical references and index. Print version record.
Summary:	During the Great Depression and World War II, the ideology of developmentalism - characterized by a nationalistic perspective, a production orientation, a strategic view of the economy, constraints on market competition, and rejection of the profit principle - emerged and strongly influenced policy innovation in Japan and institutional reforms in its economy. As a result, the Japanese experience of the great transformation of modern capitalism resembled that of Germany and Italy but differed significantly from the liberal capitalism represented by the New Deal in the United States. Liberal capitalism in the postwar era eliminated the military nature of the Japanese economy, and forced developmentalism to adapt to democratic political institutions and the free trade regime. Nevertheless, the economic principles that served to combat the Great Depression and sustain the total war from 1931 to 1945 survived.
Other form:	Print version: Gao, Bai, 1955- Economic ideology and Japanese industrial policy. Cambridge ; New York : Cambridge University Press, 1997 0521582407

Description
Summary:	In this major addition to the literature on modern Japanese development, Bai Gao emphasizes the role of ideas and ideology in industrial policy, and explores how the Japanese themselves perceived the issue of economic development. During the Great Depression and World War II, the ideology of developmentalism - characterized by a nationalistic perspective, a production orientation, and a strategic view of the economy including restraint of market competition and rejection of the profit principle - emerged and strongly influenced policy innovation in Japan and institutional reforms in its economy. Liberal capitalism in the postwar era demilitarized the Japanese economy, and forced developmentalism to adapt to democratic political institutions and the free trade regime. Nevertheless, the economic principles that served to combat the Great Depression and sustain total war during the period 1931-45 survived. Transformed from a military to a trade strategy, developmentalism became the basic framework of Japanese industrial policy, facilitating economic growth and the development of modern economic institutions.
Physical Description:	1 online resource (xiv, 364 pages)
Bibliography:	Includes bibliographical references and index.
ISBN:	9780511665318 0511665318 0521582407 9780521582407 0521894506