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Download Firms and Industrial Organization in Japan djvu

by Y. Miwa

Author: Y. Miwa
Subcategory: Business & Finance
Language: English
Publisher: Palgrave Macmillan; 1996 edition (December 18, 1995)
Pages: 312 pages
Category: Other
Rating: 4.5
Other formats: lit txt lrf docx

price for USA in USD (gross). is one of the leading young Japanese scholars debunking the myths - all too common in the west but eagerly promoted in Japan also - about the distinctive Japanese way. He soberly examines the roles of government and banks, firms and networks, workers and managers. The result is a fine analysis of how where and why the Japanese economic system fundamentally resembles that in the west, with a clear explanation of the few areas where it significantly differs.

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X, 312 pages : 23 cm. Studies of Japan's economy are full of misconceptions

X, 312 pages : 23 cm. Studies of Japan's economy are full of misconceptions. Neither of these argument is persuasive, however.

Miwa is one of the leading young Japanese scholars debunking the myths - all too common in the west but eagerly promoted in Japan also - about the distinctive Japanese way. The result is a fine analysis of how where and why the Japanese economic system fundamentally resembles t Miwa is one of the leading young Japanese scholars debunking the myths - all too common in the west but eagerly promoted in Japan also - about the distinctive Japanese way.

Описание: This text demonstrates that Japan has for a long time been a world of exchange by agreement rather than by coercion, and that the standard principles of economics explain the dominant patterns of the Japanese economic phenomena

Part IV intra-firm organization and inter-firm relationships 11 1.

1 That book is a collection of academic papers each of which challenged many aspects of what I call below the conventional view of the Japanese economy.

Yet in Japan, the successful large firms did not rely on debt. Instead, they raised their funds through the stock market, and took a variety of steps to mitigate the principal-agent slack involved. As one of those steps, they recruited prominent investors to their boards. First, we note that firms with such directors had higher profits than others.

The Journal of Economic History. Full text views reflects the number of PDF downloads, PDFs sent to Google Drive, Dropbox and Kindle and HTML full text views. Total number of HTML views: 0. Total number of PDF views: 0 .

`Miwa is one of the leading young Japanese scholars debunking the myths - all too common in the west but eagerly promoted in Japan also - about the distinctive Japanese way. He soberly examines the roles of government and banks, firms and networks, workers and managers. The result is a fine analysis of how where and why the Japanese economic system fundamentally resembles that in the west, with a clear explanation of the few areas where it significantly differs.' - Leslie Hannah, London School of Economics and Political Science `Professor Miwa has earned quite a name for himself in Japan for his brilliant but biting iconoclastic views. Now, Western readers will learn what the fuss has been about. Self-styled authorities on the Japanese economy will squirm, for Miwa takes no prisoners; his logic is relentless, merciless and - inevitably - right.' - J. Mark Ramseyer, the University of Chicago Law School `This is a monumental work, demystifying the Japanese economy and contesting the conventional view that `Japan is different'. In doing so, Professor Miwa paves the way for a new era of comparative study.' - Kazuo Koike, Hosei University, Tokyo `Professor Miwa, no longer an enfant terrible, has established himself as one of the most far-reaching researchers of the contemporary Japanese industrial organisation. His argument is always pointed, provocative, outrageous, but illuminating and productive.' - Yutaka Kosai, Japan Center for Economic Research, Tokyo We love Japan, but many of us for wrong reasons. Studies of Japan's economy are full of misconceptions, described by such keywords as dual structure, keiretsu, corporate groups, main banks, subcontract, and industrial policy. Without using these keywords, the author demonstrates that Japan has for a long time been a world of exchange by agreement rather than by coercion, and that the standard principles of economics explain the dominant patterns of the Japanese economic phenomena. Providing detailed information on firms and industrial organization in Japan, this volume is a doorway both to proper understanding of Japan's economy and the study of actual firms and the market in general.