Japanese Capitalism And Entrepreneurship
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| Author | : Pierre-Yves Donz? |
| Publisher | : Oxford University Press |
| Total Pages | : 305 |
| Release | : 2024-06-11 |
| Genre | : History |
| ISBN | : 0192887483 |
From being the last country in the world to open its doors to global trade in the 1850s to becoming the second industrialized nation in the 1960s, Japan has experienced impressive economic and social development over the last two centuries. In the last three decades, however, it became entrenched in a long phase of economic stagnation, dropping from second to third place in the global economy, having been overtaken by China in 2010. Inspired by the recent works on the history of capitalism, this history of business shows that the Japanese company was not the product of a unique national culture. Japanese capitalism was largely shaped by a political, economic, and institutional environment, which offered a variety of new opportunities to entrepreneurs, who also played a central role in the process of change. Rural capitalism that formed during the period of national seclusion shifted to industrial capitalism after the opening of the nation to global trade: this form of capitalism was close to those observed in other late industrializing countries, and was characterized by the monopolistic domination of large business groups or zaibatsu during the interwar years. The Second World War saw the emergence of wartime capitalism with the central government as the dominant actor in the economy, and, after 1945, the need to reconstruct the country and catch-up with advanced Western economies gave birth to a new form of capitalism based on a cooperative relationship between business and the state: communitarian capitalism, more broadly known as the Japanese Business System. The liberalization and deregulation brought new changes in the business system, marked by the emergence of financial capitalism in the 1980s and 1990s.
| Author | : Makoto Itoh |
| Publisher | : Springer |
| Total Pages | : 278 |
| Release | : 1990-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1349210846 |
The current world economic crisis and its impact on Japanese capitalism contains many paradoxes. After the historical conditions of continuous growth under US economic hegemony broke down, generating a global economic crisis from the beginning of the 1970s, the restructuring of capitalism through the 'information revolution' seems paradoxically to be causing a historical reverse in social conditions of over a century. Although the Japanese economy is often regarded as an exceptionally successful economy it is not immune from the crisis. The process of restrengthening Japanese competitive power has weakened the social position of Japanese workers. This book offers a stimulating analysis of the dynamics of the world and Japanese economy. The author's previous book The Basic Theory of Capitalism gives a solid theoretical basis for the treatment of the current crisis in this present study.
| Author | : Michael L. Gerlach |
| Publisher | : Univ of California Press |
| Total Pages | : 371 |
| Release | : 2023-04-28 |
| Genre | : Social Science |
| ISBN | : 0520919106 |
Business practices in Japan inspire fierce and even acrimonious debate, especially when they are compared to American practices. This book attempts to explain the remarkable economic success of Japan in the postwar period—a success it is crucial for us to understand in a time marked by controversial trade imbalances and concerns over competitive industrial performance. Gerlach focuses on what he calls the intercorporate alliance, the innovative and increasingly pervasive practice of bringing together a cluster of affiliated companies that extends across a broad range of markets. The best known of these alliances are the keiretsu, or enterprise groups, which include both diversified families of firms located around major banks and trading companies and vertical families of suppliers and distributors linked to prominent manufacturers in the automobile, electronics, and other industries. In providing a key link between isolated local firms and extended international markets, the intercorporate alliance has had profound effects on the industrial and social organization of Japanese businesses. Gerlach casts his net widely. He not only provides a rigorous analysis of intercorporate capitalism in Japan, making useful distinctions between Japanese and American practices, but he also develops a broad theoretical context for understanding Japan's business networks. Addressing economists, sociologists, and other social scientists, he argues that the intercorporate alliance is as much a result of overlapping political, economic, and social forces as are such traditional Western economic institutions as the public corporation and the stock market. Most compellingly, Alliance Capitalism raises important questions about the best method of exchange in any economy. It identifies situations where cooperation among companies is an effective way of channeling corporate activities in a world marked by complexity and rapid change, and considers in detail alternatives to hostile takeovers and other characteristic features of American capitalism. The book also points to the broader challenges facing Japan and its trading partners as they seek to coordinate their distinctive forms of economic organization. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1993. Business practices in Japan inspire fierce and even acrimonious debate, especially when they are compared to American practices. This book attempts to explain the remarkable economic success of Japan in the postwar period—a success it is crucial for us to
| Author | : Patrick Fridenson |
| Publisher | : University of Toronto Press |
| Total Pages | : 233 |
| Release | : 2017-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1487501064 |
Ethical Capitalism is a volume of essays that tackles the thought, work, and legacy of Shibusawa Eiichi.
| Author | : Patrick Fridenson |
| Publisher | : University of Toronto Press |
| Total Pages | : 240 |
| Release | : 2017-03-17 |
| Genre | : History |
| ISBN | : 1487512376 |
Shibusawa Eiichi (1840–1931) was a Japanese banker and industrialist who spearheaded the modernization of Japanese industry and finance during the Meji Restoration. He founded the first modern bank in Japan and his reforms introduced double entry accounting and joint-stock corporations to the Japanese economy. Today, he is known as the “father of Japanese capitalism.” Ethical Capitalism is a volume of essays that tackles the thought, work, and legacy of Shibusawa Eiichi and offers international comparisons with the Japanese experience. Eiichi advocated for gapponshugi, a principle that emphasized developing the right business, with the right people, in service to the public good. The contributors build a historical perspective on morality and ethics in the business world that, unlike corporate social responsibility, concentrates on the morality inside firms, industries, and private-public partnerships. Ethical Capitalism is not only a timely work; it is a necessary work, in a rapidly globalizing world where deregulation and lack of oversight risk repeating the financial, environmental, and social catastrophes of the past.
| Author | : Michael A. Witt |
| Publisher | : Cambridge University Press |
| Total Pages | : 191 |
| Release | : 2006-12-07 |
| Genre | : Business & Economics |
| ISBN | : 1139461052 |
Economic crisis tends to spur change in the 'rules of the game' - the 'institutions' - that govern the economic activity of firms and employees. But after more than a decade of economic pain following the burst of the Japanese Bubble Economy of the 1980s, the core institutions of Japanese capitalism have changed little. In this systematic and holistic assessment of continuity and change in the central components of Japanese capitalism, Michael A. Witt links this slow institutional change to a confluence of two factors: high levels of societal co-ordination in the Japanese political economy, and low levels of deviant behaviour at the level of individuals, firms, and organizations. He identifies social networks permeating Japanese business as a key enabler of societal co-ordination and an obstacle to deviancy, and sheds light on a pervasive but previously under-explored type of business networks, intra-industry loops. Includes a foreword by Gordon Redding.
| Author | : Koji Matsumoto |
| Publisher | : Routledge |
| Total Pages | : 287 |
| Release | : 2013-10-28 |
| Genre | : Social Science |
| ISBN | : 1136153225 |
First published in 1991. In general, Japan's economic system is viewed as being capitalism, and there seems to be no room for doubting otherwise. If one glances at the many subsystems that form the Japanese economy's foundation, for example, such as private ownership of property, joint stock companies and well-developed markets, one is forced to conclude that yes, indeed, Japan belongs to the group of highly developed capitalist nations. Although not widely recognized yet, a new economic system has developed and been nurtured in Japan inside a shell of capitalism. The new system differs greatly from traditional capitalism, but that does not mean to say it has drawn close to socialism. Nor can the newness of this system be understood by viewing it as depending principally on either market or planning principles, or on the two in combination. This book discusses the new corporate system in specific terms, explaining how it differs from the system of orthodox capitalist corporations, in being both more progressive and more fitting for meeting the various conditions of contemporary industrial society. It also explains the circumstances, in the context of the new corporate system, that brought forth powerful corporations for which it is difficult to find comparisons in other countries.
| Author | : |
| Publisher | : |
| Total Pages | : 290 |
| Release | : 1986 |
| Genre | : Entrepreneurship |
| ISBN | : |
| Author | : H.T. Shimazaki |
| Publisher | : Routledge |
| Total Pages | : 410 |
| Release | : 2018-10-26 |
| Genre | : Business & Economics |
| ISBN | : 0429787677 |
The service sector occupies a dominant position in the Japanese economy, yet few studies have looked at the way the industry developed. This book, first published in 1992, focuses on the growth and development of a major world security and communications corporation, SECOM. The success of the company has been rooted in the management strategies of Makoto Iida, who has shaped the company from a small localized business to an international industry at the forefront of innovation. The book first looks at the background of Makoto Iida, offering an insight into the nature of an entrepreneur and the issues this raises within the context of Japanese management styles. It then follows the company development stage by stage, assessing the importance of individual creativity in adapting and implementing traditional management techniques. It shows how strategies for human resources, service quality, new technology, globalization and corporate restructuring evolve within the context of a growing organization, and includes an analysis of the innovative marketing techniques and product development processes needed to sell security services to one of the world’s safest countries.
| Author | : Tessa Morris-Suzuki |
| Publisher | : Routledge |
| Total Pages | : 206 |
| Release | : 2016-07-22 |
| Genre | : Social Science |
| ISBN | : 1315491834 |
This book introduces students of the Japanese economy to a broad range of critical contemporary Marxian analyses by Japanese economists. Each of the five essays - on economic policy, agriculture, big business, labour relations, and foreign trade and investment - is written by a specialist in the field. The introduction places the essays in the wider context of contrasting theories of Japanese economic development. While such writings constitute an important part of the economic literature in Japan, virtually none of the great body of Marxian writing on Japanese capitalism has heretofore been available in English.
