Japan's New Economy: Continuity and Change in the Twenty-first Century

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Magnus Blomstrom, Magnus Blomström, Magnus·Blomstr鑟m, Byron Gangnes, Sumner J. La Croix, Associate Professor of Economics Byron Gangnes, Sumner La Croix
Oxford University Press, 2001 - Political Science - 329 pages
Yet Japan's economy is already changing. Driven by an aging population, rapid technological change, and increasing global competition, the country's public and private institutions are being slowly reshaped. This volume explores the forces that will drive structural and institutional change in three areas over the next decade: the macroeconomy, the organization of industry, and the global economic and political environment. Economists, demographers, and Japan specialists examine key aspects of the economy that will be transformed in coming years, including population and savings, the public pension system, labour markets, financial reforms, deregulation of service industries, productivity performance, foreign investment, trade, and the impact of an emerging China. While much has been written about Japan's pre-1990s institutions and economic performance, this volume trys to understand not only the institutional and structural changes that have already reshaped Japan in the 1990s, and tries to identify the critical trends and institutional changes that will mould Japan's new economy over the next decade.

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About the author (2001)

Magnus Blomstrom is at The European Institute of Japanese Studies, Stockholm School of Economics. Byron Gangnes is at Department of Economics, University of Hawaii at Manoa.

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