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Japan since 1980 Thomas F. Cargill (University of Nevada, Reno)

Japan since 1980 By Thomas F. Cargill (University of Nevada, Reno)

Japan since 1980 by Thomas F. Cargill (University of Nevada, Reno)

Reviews:
$10.00
Condition - Very Good
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Very Good

Summary

A complete and self-contained discussion of Japan's economic and political institutions from 1980 up to 2007. It offers an extensive discussion of Koizumi's economic reform not found in any other English publication. The treatment jointly covers economic and political perspectives.

Japan since 1980 Summary

Japan since 1980 by Thomas F. Cargill (University of Nevada, Reno)

An analysis of the performance of Japan's economic and political institutions from late 1970s to 2007. The authors explain how Japan's flawed response to new economic, political, and technological forces ushered in a lost decade and a half of economic development from 1990. Impressive economic performance in the 1980s masked an 'accident waiting to happen' - the collapse in equity and real estate prices in 1990-1. Japan's iron triangle of politicians, bureaucrats, and client industries, combined with a flawed financial liberalization process and policy errors by the Bank of Japan and the Ministry of Finance, brought Japan to an abyss of deflation, recession, and insolvency by the late 1990s. The turning point was the election of Koizumi as prime minister in 2001. The book explores Koizumi's economic reform, new developments in socioeconomic conditions, the politics and economy after Koizumi, and the economic and political challenges facing Japan in the new century.

Japan since 1980 Reviews

'In little more than two decades Japan has traveled a bewildering trajectory from dynamic industrial marvel to financial basket case to reformed but aging post-industrial society. Cargill and Sakamoto integrate politics, taxes and budgetary expenditures, financial and monetary policy, and corporate governance into a remarkably comprehensive explication of this puzzling journey and evaluate prospects for Japan's future development. This will prove a valuable resource for researchers and students alike.' Gregory W. Noble, Australian National University, Canberra
'Japan Since 1980 provides a comprehensive overview of a period that saw the country fall from 'model economy' to one in severe distress and carefully traces the underlying causes as well as the institutional transformation the crisis has engendered. The strength of the book lies in the fact that it combines economic with political analysis, thus providing the nonspecialist reader with an ideal introduction to the issues that have shaped recent developments in Japan and to the formidable challenges it continues to face. The analysis also clearly illustrates that although reform in Japan is often described as progressing at a snail's pace, cumulatively the economic, political, and social changes of the last two decades have led to a substantial transformation of the Japanese economic system.' Ralph Paprzycki, Hitotsubashi University, Tokyo
'The Cargill and Sakamoto book is a masterful review of the recent economic and political history of Japan. The authors detail the persistent efforts of Japanese policy makers to liberate themselves from past traditions and economic policies that caused the economic downturn of the lost decade. They rightfully advise their readers that this effort is still ongoing, even as Japan faces even more daunting demographic challenges in the future.' Hal Scott, Harvard Law School

About Thomas F. Cargill (University of Nevada, Reno)

Thomas F. Cargill is Professor of Economics at the University of Nevada, Reno. He studies financial and central bank policy in Japan and the United States. Professor Cargill is co-author of The Political Economy of Japanese Monetary Policy (1997), Financial Policy and Central Banking in Japan (2001), and Postal Savings and Fiscal Investment in Japan (2003). He has published in the Journal of Comparative Economics, the Journal of Economic History, the Journal of Political Economy, and Monetary and Economic Studies. Takayuki Sakamoto is Assistant Professor of Political Science at Southern Methodist University, Dallas, Texas. He studies comparative political economy of industrialized democracies. Professor Sakamoto is the author of Economic Policy and Performance in Industrial Democracies (forthcoming) and Building Policy Legitimacy in Japan (1999). His articles have appeared in such journals as Comparative Political Studies, European Studies, the European Journal of Political Research, and Party Politics.

Table of Contents

1. Introduction and overview; 2. Economic and political institutions in the 1970s; 3. The 'high water mark' of the Japanese economy - a 'model' of financial liberalization: 1980 to 1985; 4. An accident waiting to happen - the bubble economy from 1985 to 1990; 5. Economic and financial distress from 1990 to 2001 and the turning point; 6. Why did the economic and financial distress last so long?; 7. Transition of political institutions in the 1990s and the new century; 8. Political economy of Japan's fiscal program; 9. Koizumi administration's reform in broad perspective: fiscal consolidation and market reform; 10. Japan's corporate governance, labor practices, and citizens' social and economic life at the beginning of the new century; 11. Japanese political economy in the first decade of the new century.

Additional information

GOR008156026
9780521672726
0521672724
Japan since 1980 by Thomas F. Cargill (University of Nevada, Reno)
Thomas F. Cargill (University of Nevada, Reno)
The World Since 1980
Used - Very Good
Paperback
Cambridge University Press
2008-08-25
330
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Japan since 1980