The Long Shadow of Informality

The Long Shadow of Informality
Author: Franziska Ohnsorge
Publisher: World Bank Publications
Total Pages: 397
Release: 2022-02-09
Genre: Business & Economics
ISBN: 1464817545

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Informality and Monetary Policy in Japan

Informality and Monetary Policy in Japan
Author: Adrian van Rixtel
Publisher: Cambridge University Press
Total Pages: 418
Release: 2002-10-31
Genre: Business & Economics
ISBN: 1139437488

The success (and misfortunes) of the post-war Japanese economy has been one of the most debated points in modern economics. Many explanations focus on cultural and institutional factors, and in particular the role of 'Informality' (networks organizing business activity and government policy). Adrian van Rixtel, an economist at the European Central Bank, provides a quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. Having been based in Japan for three years, two years of which were spent at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, he is able to bring a unique 'insider-outsider' perspective to the subject.

Informality and Monetary Policy in Japan

Informality and Monetary Policy in Japan
Author: Adrian A. R. J. M. van Rixtel
Publisher:
Total Pages: 400
Release: 2002
Genre: Business networks
ISBN: 9780511069086

Provides the first quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. The author, having spent two years at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, offers a unique 'insider-outsider' perspective.

The Japanese Informal Empire in China, 1895-1937

The Japanese Informal Empire in China, 1895-1937
Author: Peter Duus
Publisher: Princeton University Press
Total Pages: 345
Release: 2025-03-11
Genre: History
ISBN: 0691273537

Volume two of the acclaimed three-volume series on modern Japanese colonialism and imperialism This book brings together essays by leading experts on the history of Japan to examine the period from 1895 to 1937 when Japan’s economic, social, political, and military influence in China expanded so rapidly that it supplanted the influence of competing Western powers. They discuss how Japan’s informal empire emerged in China after Japan entered the Treaty Port system in 1895 and how it shaped Japan’s own internal development. How did Japan’s informal empire expand in size and importance so that Japanese economic and security interests became heavily dependent on China? What influence did Japanese business groups, China experts, and military have on their government’s China policy? How did the Japanese in China deal with the threatening rise of Chinese nationalism? Exploring these and other questions, these essays show how the pursuit of an informal empire in China played a profound role in the emergence of modern Japan. The contributors are Banno Junji, Barbara J. Brooks, Alvin D. Coox, Peter Duus, Albert Feuerwerker, Kitaoka Shin’ichi, Sophia Lee, Mizoguchi Toshiyuki, Ramon H. Myers, Nakagane Katsuji, Mark R. Peattie, Douglas R. Reynolds, and William D. Wray. This is the second volume of a series on modern Japanese colonialism and imperialism. Volume one is The Japanese Colonial Empire, 1895–1945. Volume three is The Japanese Wartime Empire, 1931–1945.

MITI and the Japanese Miracle

MITI and the Japanese Miracle
Author: Chalmers Johnson
Publisher: Stanford University Press
Total Pages: 818
Release: 1982-06
Genre: Political Science
ISBN: 080476560X

The focus of this book is on the Japanese economic bureaucracy, particularly on the famous Ministry of International Trade and Industry (MITI), as the leading state actor in the economy. Although MITI was not the only important agent affecting the economy, nor was the state as a whole always predominant, I do not want to be overly modest about the importance of this subject. The particular speed, form, and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Collaboration between the state and big business has long been acknowledged as the defining characteristic of the Japanese economic system, but for too long the state's role in this collaboration has been either condemned as overweening or dismissed as merely supportive, without anyone's ever analyzing the matter. The history of MITI is central to the economic and political history of modern Japan. Equally important, however, the methods and achievements of the Japanese economic bureaucracy are central to the continuing debate between advocates of the communist-type command economies and advocates of the Western-type mixed market economies. The fully bureaucratized command economies misallocate resources and stifle initiative; in order to function at all, they must lock up their populations behind iron curtains or other more or less impermeable barriers. The mixed market economies struggle to find ways to intrude politically determined priorities into their market systems without catching a bad case of the "English disease" or being frustrated by the American-type legal sprawl. The Japanese, of course, do not have all the answers. But given the fact that virtually all solutions to any of the critical problems of the late twentieth century--energy supply, environmental protection, technological innovation, and so forth--involve an expansion of official bureaucracy, the particular Japanese priorities and procedures are instructive. At the very least they should forewarn a foreign observer that the Japanese achievements were not won without a price being paid.

Revisiting the Informal Sector

Revisiting the Informal Sector
Author: Sarbajit Chaudhuri
Publisher: Springer Science & Business Media
Total Pages: 246
Release: 2009-10-15
Genre: Business & Economics
ISBN: 1441911944

This book provides insight into the diverse aspects of the informal sector, its role in the context of unemployment, child labor, globalization and environment, as well as its multi-faceted interaction with the other sectors of the economy.

Japan's Socio-Economic Evolution

Japan's Socio-Economic Evolution
Author: Sarah Metzger-Court
Publisher: Routledge
Total Pages: 416
Release: 2013-12-16
Genre: Social Science
ISBN: 1134243901

From the commercial and industrial transformation of Osaka in the late 19th century to the role and status of Japanese multinationals in Europe: these two themes represent both the time-span and the breadth of this volume.

Policy Uncertainty in Japan

Policy Uncertainty in Japan
Author: Ms.Elif C Arbatli
Publisher: International Monetary Fund
Total Pages: 48
Release: 2017-05-30
Genre: Business & Economics
ISBN: 1484302362

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.

The State and Politics In Japan

The State and Politics In Japan
Author: Ian Neary
Publisher: John Wiley & Sons
Total Pages: 298
Release: 2019-05-20
Genre: Political Science
ISBN: 1509535853

Politics in Japan is undergoing a major transformation. Under the leadership of Prime Minister Abe Shinzo, the ruling Liberal Democratic Party has, since 2012, embarked upon an ambitious programme of policy reforms as well as changes to Japan’s governing structures and processes. At the heart of this policy agenda is ‘Abenomics’ – a set of measures designed to boost Japan’s flagging economy, but one which is yet to deliver on its promises. In this fully revised and updated second edition of his classic text, Ian Neary explores the dynamics of democracy in Japan, introducing the key institutions, developments and actors in its politics from the end of the Second World War to the present day. Packed with illustrative material and examples, this comprehensive study traces the continuities and the changes that are underway in five major policy areas: foreign and defence, industry, social welfare, the environment and human rights. Assuming no prior knowledge of Japan, this textbook will be an invaluable and welcome resource for all students interested in the government and politics of contemporary Japan and its international profile.