The motor vehicle industry has had a dramatic impact on industrialized societies, shaping the structure and productive processes of capitalist economies and defining consumer life styles. The industry's impact on the Third World has been no less significant. The contributions in this book provide a unique view of its emergence and growth in a number of different national settings in an area of the Third World where the industry is most advanced. They explore what occurs when the world's leading consumer durable is produced and sold in a context of dependency and underdevelopment.Chapters by Kenneth S. Mericle, Rhys Jenkins, and Rich Kronish examine the political economy of the motor vehicle industry as it has evolved in Brazil, Argentina, and Mexico, stressing the importance of the structural problems it has encountered. Chapters by John Humphrey, Judith Evans, Paul Heath Hoeffel and Daniel James, and by Ian Roxborough focus on the role and impact of labor in the same three countries. Chapters by Douglas Bennett and Kenneth Sharpe, and Michael Fleet (on the industry in Colombia) discuss the bargaining process between the transnational vehicle corporations and the Latin American governments. A concluding chapter by the editors summarizes the study and offers a history of the industry in the three principal countries from 1900 to 1980.Rich Kronish is Associate Professor of Sociology, University of Massachusetts, Boston. Kenneth S. Mericle is Assistant Professor of Labor Education, School for Workers, University of Wisconsin, Madison.

The Political Economy of Japanese Monetary Policy

Business & Money

Cargill, Thomas F.

Ito, Takatoshi

Hutchison, Michael M.

Economics

Mit Pr

The Japanese Economy (The MIT Press)

A comparative perspective and an analytic approach grounded in mainstream economics distinguish this broad, accessible introduction to the Japanese economy. Throughout, Ito utilizes standard economic concepts in comparing Japan with the United States in terms of economic performances, underlying institutions, and government policies.Referring to cultural factors where appropriate, Ito subjects the basic facts about the Japanese economy to modern theoretical and empirical scrutiny, discussing macroeconomic growth, business cycles, monetary and fiscal policies, industrial structures and policies, the labor market, saving and investment, and international trade and finance.
Ito reviews relevant aspects of Japan's history before launching into a broad analysis of the country's markets and its economic policies. He concludes with a look at such contemporary economic issues as the Japanese distribution system, Japanese asset prices, and US-Japan trade conflicts.

The Japanese Economy

In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Ito investigate the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. Their emphasis is on the period since the collapse of the Bretton Woods system of fixed exchange rates in the early 1970s, and on the effects of policies and institutions in shaping the modern Japanese economy. The authors present basic themes and recent developments, as well as their own research findings. They also review and integrate the large literature in the area. They consider theoretical arguments and empirical evidence for each topic discussed. Topics covered include Japan's low inflation record (despite the central bank's lack of formal independence from the government); politically motivated business cycles and the timing of elections; exchange rate policy and international policy coordination; the historical development of central banking; Japan's "bubble economy" of the 1980s; and the causes, magnitude, and regulatory responses to Japan's banking and financial crisis of the 1990s.

Cargill, Thomas F. F.

MIT Press]

This book analyzes how the bank-dominated financial system―a key element of the oft-heralded "Japanese economic model"―broke down in the 1990s and spawned sweeping reforms.
Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang financial market reform, a complete restructuring of its regulatory financial institutions, and an independent central bank. These reforms have taken place amid recession and rising unemployment, collapsing asset prices, a looming banking crisis, and the lowest interest rates in the industrial world. This book analyzes how the bank-dominated financial system―a key element of the oft-heralded "Japanese economic model"―broke down in the 1990s and spawned sweeping reforms. It documents the sources of the Japanese economic stagnation of the 1990s, the causes of the financial crisis, the slow and initially limited policy response to banking problems, and the reform program that followed. It also evaluates the new financial structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from conducting monetary policy in a zero-interest rate environment characterized by a "liquidity trap" to managing consolidation in the Japanese banking sector against the backdrop of increasing international competition.

Financial Policy and Central Banking in Japan (Mit Press)

The second edition of a comprehensive account of all the major aspects of the Japanese economy, substantially updated and expanded.
This textbook offers a comprehensive, rigorous but accessible account of all the major aspects of the Japanese economy, grounding its approach in mainstream economics. The second edition has been extensively revised and substantially updated, with new material that covers Japan's period of economic stagnation between 1991 and 2010. The first edition, published in 1992, focused on Japan as a success story of catch-up economic development; this edition reflects the lessons learned from Japan's Lost Two Decades.
After presenting the historical background, the book begins with macroeconomics, studying growth and business cycles. It then covers essential policy issues, with new material that takes into account the Japanese banking crisis of 1997–1998 and the global financial crisis of 2008–2009, discussing financial regulation, monetary policy, and fiscal policy. It goes on to examine saving, demography, and social security in light of Japan's ongoing demographic transition; industrial organization; labor markets; international trade and international finance; and the Japan–U.S. relationship. A new chapter offers a detailed analysis of the Lost Two Decades, synthesizing and applying concepts discussed in previous chapters and offering insights into such issues as successful catch-up growth, demographic shifts, and credit booms and busts.

The Japanese Economy, second edition (Mit Press)

Hoshi, Takeo

The MIT Press

In this capstone volume in the INE series, the authors review the growing pressure for deeper international integration, explore the strengths and weaknesses of alternative approaches to dealing with these pressures, and present concrete proposals to help achieve a global community that will balance openness, diversity, and cohesion. A volume of Brookings' Integrating National Economies Series

A Vision for the World Economy: Openness, Diversity, and Cohesion (Integrating National Economies: Promise & Pitfalls)

Lawrence, Robert Z.

Bressand, Albert

Brookings Institution Press

In this capstone volume in the INE series, the authors review the growing pressure for deeper international integration, explore the strengths and weaknesses of alternative approaches to dealing with these pressures, and present concrete proposals to help achieve a global community that will balance openness, diversity, and cohesion. A volume of Brookings' Integrating National Economies Series

A Vision for the World Economy: Openness, Diversity, and Cohesion (Integrating National Economies)

For more than three decades, the United States has conducted a unique Japan-specific economic policy. This policy was motivated by Japan's economic size and dynamism, fears that a unique "Japanese model of capitalism" enabled it to compete unfairly and threaten American prosperity during a period of prolonged US economic difficulties, and that the United States had unique capabilities to induce policy change in Japan due to its provision of security guarantees. No More Bashing argues that these assessments are mistaken and that the United States should abandon its Japan-specific policy. Japan's declining relative importance in the world economy, the waning distinctiveness of its economic institutions, the failure of most recent US initiatives toward Japan, and the emergence of strengthened international institutions such as the World Trade Organization, all underscore the advisability of formulating new approaches to bilateral relations rooted more firmly in multilateral institutions. This volume analyzes the outlook for the Japanese and US economies; their trade and financial relationships, including their trade negotiations over the past decade; the implications of new regional developments, most notably the rise of China and proposals for East Asian economic cooperation; and the roles of the United States and Japan in the provision of international public goods such as development assistance, environmental protection, and international security. It emphasizes that their trade agenda is increasingly moving beyond traditional border impediments toward the more politically sensitive issues of internal regulation and deregulation, such as competition policy. The authors propose a series of new initiatives to address these challenges and strengthen the multilateral system.

No More Bashing: Building a New Japan-United States Economic Relationship

Bergsten, C. Fred

Noland, Marcus

Peterson Institute for International Economics

The yen is now one of the major currencies freely traded in the world, and yet, many Japanese exporters take on a currency risk by invoicing in US dollars. In this book, the authors examine why this is the case, particularly for those exporters who have a strong presence in global markets.
Managing Currency Risk enhances our understanding of exporters’ behaviour by analysing the key factors that influence their choice of invoice currency. Detailed research based on unique data sets is used to highlight how firm size, product competitiveness, intra/inter-firm trade and the geography of export destination impact this decision.
This book is a valuable resource for international finance researchers and political economists wishing to discover up-to-date information regarding currency invoicing by multinational firms. It will also be a vital tool for financial and governmental practitioners to discover more about their competitors’ behaviour.

Managing Currency Risk: How Japanese Firms Choose Invoicing Currency

Koibuchi, Satoshi

Sato, Kiyotaka

Shimizu, Junko

Industries

Edward Elgar Publishing

See the best price to sell, buy, or rent books by Ito, Takatoshi. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Ito, Takatoshi

See the best price to sell, buy, or rent books by Ito, Takatoshi. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Political Economy of Japanese Monetary Policy

The Japanese Economy

The Political Economy of Japanese Monetary Policy

Financial Policy and Central Banking in Japan (Mit Press)

The Japanese Economy (The MIT Press)

The Japanese Economy, second edition (Mit Press)

A Vision for the World Economy: Openness, Diversity, and Cohesion (Integrating National Economies: Promise & Pitfalls)

A Vision for the World Economy: Openness, Diversity, and Cohesion (Integrating National Economies)

No More Bashing: Building a New Japan-United States Economic Relationship

Managing Currency Risk: How Japanese Firms Choose Invoicing Currency