Economic Policy in Postwar Japan

Politics & Social Sciences

Kozo Yamamura

Politics & Government

Univ. California P

According to the Marxist interpretation still dominant in Japanese studies, the last century and a half of the Tokugawa period was a time of economic and demographic stagnation. Professors Hanley and Yamamura argue that a more satisfactory explanation can be provided within the framework of modem economic theory, and they advance and test three important new hypotheses in this book.   The authors suggest that the Japanese economy grew throughout the Tokugawa period, though slowly by modern standards and unevenly. This growth, they show, tended to exceed the rate of population increase even in the poorer regions, thus raising the living standard despite major famines. Population growth was controlled by a variety of methods, including abortion and infanticide, for the primary purpose of raising the standard of living.    Contrary to the prevailing view of scholars, thus, the conclusions advanced here indicate that the basis for Japan's rapid industrialization in the Meiji period was in many ways already established during the latter part of the Tokugawa period. The authors' analysis combines original fieldwork with study of data based on findings of the postwar years.   Originally published in 1978.   The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Economic and Demographic Change in Preindustrial Japan, 1600-1868 (Princeton Legacy Library)

Business & Money

Susan B. Hanley

Economics

Princeton University Press

The End of Diversity?: Prospects for German and Japanese Capitalism (Cornell Studies in Political Economy)

After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence―to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system.The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics. In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.

Wolfgang Streeck

Cornell University Press

<p>After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence―to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system. The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics.</p>
<p>In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.</p>

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Books by Kozo Yamamura