Japan's Capitalism: Creative Defeat and Beyond (Cambridge Studies in Economic Policies and Institutions)

Gives A Comprehensive Account Of The Recovery Process, From The Punitive Policies Of The Immediate Post-war Occupation Authorities, To The Miraculous Growth Which Accompanied The Korean War, And The Active Role Of The Government In Encouraging The Continuing Success Which Followed. Foreword / John Kenneth Galbraith -- 1. The Defeat And The Occupation Reforms. 1. Consequences Of The Defeat In The War. 2. The Initial Occupation Policy Of The Us. 3. The Initial Reform Ideas On The Japanese Side. 4. The Occupation Reforms -- 2. The Road To Recovery. 1. The Shift In Us Policy On Japan. 2. Arresting Of Inflationary Trends. 3. Setting Of A Single Exchange Rate. 4. The Korean War And The Aftermath. 5. The Peace Treaty -- 3. The Period Of High Growth Rate. 1. The Miracle Of Rapid Growth. 2. Capitalism Rejuvenated. 3. Whence The Effective Demand? 4. Transformation Of Industrial Structure -- 4. The Role Of The Government In The High-growth Period. 1. Overall Planning By The Government. 2. Administrative Guidance. 3. Reclamation For Factory Sites. 4. Special Tax-relief Measures For Industries. 5. The Low-interest-rate Policy. 6. The Temporization Of The Trade- And Capital-inflow Liberalization. 7. Subsidies On Water And Electricity -- 5. A Turning Point Cometh. 1. The First Oil Shock Of 1973. 2. The Structural Creeping Inflation. 3. Environmental Concerns Heightened. 4. Reflections On The Welfare Content Of Gnp Index -- 6. The Double Price Revolution 1. The Coinciding Of Two Price Revolutions 2. The Classical Case Of Price Revolution. 3. The Consequences Of The Oil-shock Price Revolution. 4. Price Revolution In Urban Land. 5. Major Causes Of Price Revolution In Land. 6. The Socio-economic Consequences Of The Land-price Revolution And The Countermeasures. 7. Macroeconomic Mismanagement -- 7. The March Of Corporate Capitalism. 1. Capitalism Triumphant? 2. A New Stage Of Corporate Capitalism In Japan. 3. The Globalization Trend. 4. Privatization -- 8. Whither Japan? 1. The Trend Toward Convergence Of The Two Systems. 2. The Mixed Economy As A Mode Of Production. 3. The Prospect For The Japanese Economy And Japan's Role In The World. Shigeto Tsuru ; [foreword By John Kenneth Galbraith]. Includes Bibliographical References And Index. Japan's economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. In Japan's Capitalism, Chigeto Tsuru, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the postwar Japanese economy.

Japan's economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. Shigeto Tsuru, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the postwar Japanese economy.

Japan's defeat in the Second World War was total, but her subsequent reconstruction was extraordinary. In this book, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the post-war Japanese economy. This opening chapter is intended to serve as factual background for my analysts, in later chapters, of the vicissitudes of Japanese capitalism in the postwar period.