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Japan Inc. A Miracle A Model: The East Asian Strategy From: http://benmuse.typepad.com/ben_muse/2005/11/changes_in_inco.html
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Economic Philosophy Nationalism/Protectionism Exports
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Rich Nation, Poor People “Salaryman”Capsule Hotels
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What is Japan Inc.? 1.Business-Government relations 2.Industry-Industry relations 3.Labor-Management relations
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Business-Government relations Partnership Yoshida Doctrine “GNPism” Yoshida Shigeru PM 1946-7, 1948-54
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Administrative Guidance Ministry of Economy, Trade, and Industry formerly Ministry of International Trade and Industry (MITI) The Visible Hand?
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2. Industry-Industry relations Pre-war Zaibatsu Mitsui Mitsubishi Sumitomo (Mazda, NEC) Yasuda (dismantled post-WW II)
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Post-War Keiretsu From: http://www.wtec.org/loyola/polymers/c7_s7.htm
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3. Labor-Management Relations 1950s: the end of independent unions Company Unions Lifetime Employment
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Dilemmas Inflexibility Protectionism and competition Innovation?
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Collapse of Bubble Economy, 1990 Pay back loans Build factories Loans Hire people Buy land Build offices Pay back Loans Banks Government Companies
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GDP Growth in Japan 1956-2008
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Japanese GDP From Sian Fenner, The Japanese economy and future growth prospects, Department of the Treasury, Australia, http://www.treasury.gov.au/documents/817/HTML/docshell.asp?URL=05_article_4.asp
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Another Look From: http://japanjapan.blogspot.com/2008/02/japan-q4-2007-gdp.html
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GDP Growth 1980-2013
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