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Keiretsu Economy - New Economy? : Japan's Multinational Enterprises from a Postmodern Perspective - Rainer Kensy

Keiretsu Economy - New Economy?

Japan's Multinational Enterprises from a Postmodern Perspective

Hardcover Published: 3rd April 2001
ISBN: 9780333921753
Number Of Pages: 410

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This book combines a theoretical study of Japan's economic structures and multinational enterprises with a post-modern analysis of the contemporary multinational enterprise. The author considers the appropriateness of the post-modern approach for discussing economic activities, in particular the New Economy, and also Japanese society and culture. Kensy analyses Japan's economic structure, interpreting its methods, strategies and results in a post-modern context and presents a survey of socio-economic development in Japan since the beginning of westernization. He goes on to discuss Japanese models for the transformation of society in the future, with particular reference to the Keiretzu. Finding Japan to be a truly postmodern society, Kensy shows that Japan is prepared to be a leader in the New Economy. Kensy takes an innovative and stimulating approach that will be of interest to those seeking to better understand the development and future of the economic structures of Japan.

Industry Reviews

'...his book is still well worth reading. Rarely can one find such a detailed overview of the postmodernist approach...the book will stimulate debate and instruct students.' - John F. Wilson, University of Nottingham, Business History

List of Tablesp. ix
List of Figuresp. x
Forewordp. xi
Prefacep. xii
List of Abbreviationsp. xv
The Framework
Introductionp. 3
Terminologyp. 3
Postmodern thought categoriesp. 3
Japanese economic structuresp. 4
Japanese multinational enterprisesp. 5
The business revolution called New Economyp. 7
Objectivesp. 7
Relevance of the Researchp. 8
The postmodern discussion or: a discussion of 'the postmodern'p. 8
Japan as the focus of attentionp. 10
The multinational enterprise as a research subjectp. 14
Previous researchp. 15
Demarcation Linesp. 16
The terms 'postmodernism'/'postmodern'/'postmodernity'p. 17
The view taken of Japanp. 17
Methodological limitationsp. 18
Structure of Hypothesesp. 20
Basic approachp. 20
Hypothesis of the postmodern economic modelp. 21
Hypothesis of Japan's postmodernityp. 22
Structuring the taskp. 23
Initial Summary: modus operandip. 24
Economics and the Postmodern
Postmodern Principlesp. 31
Overviewp. 31
Approaches to the Postmodernp. 32
The genealogy of postmodernismp. 32
Architecture and postmodernismp. 34
Postmodern infiltration of sciencep. 35
Special Features of the Postmodern Debatep. 37
Habermas, or the existence of postmodernityp. 37
Rorty, or postmodern societyp. 46
Lyotard, or the postmodern economyp. 53
Digression: Japan's Reception of the Postmodernp. 66
The Postmodern in the New Economyp. 71
Summary Two: the postmodern characterp. 72
Japan: New or Old--Postmodern All the Same
Postmodern Indicators in Japanese Culturep. 77
Overviewp. 77
The Structure and Function of the Japanese Languagep. 78
Writing, speaking and interpretingp. 78
The ambiguity of meaningp. 80
Blurring of the subjectp. 81
Pragmatism in communicatingp. 82
Zen Principlesp. 83
Japan--a multireligious nationp. 83
Zen and rationalityp. 84
The pragmatism of Zenp. 85
The dissolution of selfp. 86
Digression: the No-theatrep. 86
The Zen value systemp. 87
Social Models and the Social Mechanism of Japanp. 88
The web of individual relationshipsp. 88
The special features of Japanese societyp. 94
Japan as a social networkp. 97
Third Summary: The Social Principles on which Japan's Postmodernity is Foundedp. 100
The Structural Environment Surrounding Japan's Multinational Enterprises--a Driving Force for Changep. 104
Overviewp. 104
How Japan's Ability to Adapt Affects Structural Changep. 105
The Initiators and Mechanisms of Changep. 111
Individual and organizational elementsp. 111
Selected interpersonal mechanismsp. 120
The links between politics, bureaucracy and the economy from an overall perspectivep. 132
A model illustrating the template on which Japanese economic coordination is basedp. 134
The Basic Principles of Structural Change in Japanp. 137
The role of the MITI in general economic policyp. 137
Economic strategies from the Tokugawa period to the Second World Warp. 142
Economic development up to the end of the 1970sp. 145
The 1980s and 1990sp. 149
Overview of Japan's economic strategiesp. 151
The Quest for Fundamental Changep. 156
Postmodern Society, an Abstract Paradigm as a Realistic Goalp. 160
The 'turn of the millennium' conceptp. 160
The roles of the Zaibatsu and the Keiretsup. 166
Fourth Summary: Japan's Transformation to a Society of the Futurep. 169
Keiretsu: Japanese Multinational Enterprises and the Postmodernp. 173
Overviewp. 173
The Current Economic Theory's Explanation of Japanese Multinational Enterprisesp. 174
The correlation between the Keiretsu and MNEs in research termsp. 174
Conventional MNE theoriesp. 178
'Unorthodox' MNE perspectivesp. 185
The network approachp. 193
Keiretsu Structures in the Japanese Economyp. 202
Phenotypes of the Keiretsup. 202
Structural historyp. 208
Their contemporary presence as multinational enterprisesp. 213
The functions of the Keiretsup. 222
The Mitsubishi Keiretsu as a Case Study of a Keiretsu's Basic Structurep. 230
Historical overviewp. 230
The composition of the core structurep. 233
The relationship network of the Keiretsu firmsp. 240
The Keiretsu enterprise as a fractal structurep. 248
The role of the Mitsubishi Keiretsu as a futurizing organizationp. 253
Fifth Summary: are Japan's MNEs Postmodern? And what about the 'New Economy'?p. 255
Postscript: Bringing it all Together--Postmodern-New Economy Japan-MNEp. 261
Notesp. 264
Bibliographyp. 351
Indexp. 402
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780333921753
ISBN-10: 0333921755
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 410
Published: 3rd April 2001
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 3.18
Weight (kg): 0.7
Edition Number: 1