When "Why Has Japan 'Succeeded'?" (1982) was published, Japan was still a country of "capitalism from above." For the past ten years the country's economy has faltered and declined. It is turning towards 'capitalism from below' despite Japan's weak democracy. This directional change is investigated through a variety of standpoints, using an in-depth knowledge of the Japanese ethos, national history, educational background, as well as the sociology of the Japanese economy and business world. The author offers a long-term forecast for the future of Japan.
'Morishima casts his intellectual net broadly. He probes social, cultural and economic factors for answers to the dual enigma of Japan's earlier vitality and its current stagnation. In doing so, he accomplishes the unusual feat of both seeing how organizations and individuals actually behave, and presenting analytic concepts with practical explanatory value.' - Kent E. Calder, Japan Quarterly