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Firms and Industrial Organization in Japan - Yoshiro Miwa

Firms and Industrial Organization in Japan

Hardcover Published: 18th December 1995
ISBN: 9780333621301
Number Of Pages: 312

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`Miwa is one of the leading young Japanese scholars debunking the myths - all too common in the west but eagerly promoted in Japan also - about the distinctive Japanese way. He soberly examines the roles of government and banks, firms and networks, workers and managers. The result is a fine analysis of how where and why the Japanese economic system fundamentally resembles that in the west, with a clear explanation of the few areas where it significantly differs.' - Leslie Hannah, London School of Economics and Political Science `Professor Miwa has earned quite a name for himself in Japan for his brilliant but biting iconoclastic views. Now, Western readers will learn what the fuss has been about. Self-styled authorities on the Japanese economy will squirm, for Miwa takes no prisoners; his logic is relentless, merciless and - inevitably - right.' - J.Mark Ramseyer, the University of Chicago Law School `This is a monumental work, demystifying the Japanese economy and contesting the conventional view that `Japan is different'. In doing so, Professor Miwa paves the way for a new era of comparative study.' - Kazuo Koike, Hosei University, Tokyo `Professor Miwa, no longer an enfant terrible, has established himself as one of the most far-reaching researchers of the contemporary Japanese industrial organisation. His argument is always pointed, provocative, outrageous, but illuminating and productive.' - Yutaka Kosai, Japan Center for Economic Research, Tokyo We love Japan, but many of us for wrong reasons. Studies of Japan's economy are full of misconceptions, described by such keywords as dual structure, keiretsu, corporate groups, main banks, subcontract, and industrial policy. Without using these keywords, the author demonstrates that Japan has for a long time been a world of exchange by agreement rather than by coercion, and that the standard principles of economics explain the dominant patterns of the Japanese economic phenomena. Providing detailed information on firms and industrial organization in Japan, this volume is a doorway both to proper understanding of Japan's economy and the study of actual firms and the market in general. m

List of Figures and Tables
Preface and Acknowledgements
Introduction and Summaryp. 1
Monopoly, Corporate Profits and the Dual Structurep. 33
The Image and Reality of Small Business and Small Business Policiesp. 41
Supplier-Assembler Relationships in the Motor Industryp. 58
Economic Analysis of the 'Loan-Concentration' Mechanismp. 83
Main Bank and its Functionsp. 100
An Anatomy and Critique of the Corporate-Group Viewp. 123
Industrial Policy of Japan: A Beginner's Guidep. 145
Economic Consequences of Investment Coordination in the Steel Industryp. 157
Coordination within Industry: Output, Price and Investmentp. 177
Corporate Governance in Japanese Firms: The Body of Employees as the Controlling Group and Friendly Shareholdersp. 195
Inter-firm Relationshipsp. 217
Conclusionp. 236
Notesp. 239
Referencesp. 290
Indexp. 302
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780333621301
ISBN-10: 0333621301
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 312
Published: 18th December 1995
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 3.0
Weight (kg): 0.56
Edition Number: 3