Restructuring the Economy of the 21st Century in Japan and Germany
Duncker & Humblot, Apr 8, 2015 - Economic forecasting - 228 pages
This book contains the revised and updated versions of twelve papers which were presented at the 17th joint seminar of the faculties of economics of the Universities of Nagoya and Freiburg. The seminar took place in 1997 in Nagoya and marked the 25th anniversary of the cooperation between both faculties. The subjects of the book concentrate on long-term economic and business issues common to Japan and Germany on the turn of our century.Firstly, both countries experience continuing and interrelated problems in the labor market, budget deficits, demographic changes and the future of the social security system. Secondly, globalization, technical progress and shift of social values lead to structural changes of the economy and its institutions, particularly to deregulations and network economies. As a consequence, new ways of cooperation between firms, customers and suppliers will be established. Thirdly, the network economy changes also the inner structure and management of the companies in both countries including new organizational patterns such as the holding company or the virtual enterprise, the tight cooperation of small and medium-sized companies, human resource management and compensation.Although the broad issues in both countries - as in other mature economies - are essentially the same, the details under the surface are different and therefore ask for different solutions. The identification of these similarities and differences by theoretical and empirical methods constituted a key objective of the seminar, as well as of previous seminars.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
aggregate analysis assets bubble economy Chikusa-ku competition consumption cooperation coordination decrease demand differentials economic economies of network economies of scope effect employee subsidies employment subsidies employment system factors Figure flexibility Freiburg function Gini coefficient global growth rate Hierarchical Market-Firm Nexus holding company imputed rent incentive mechanism income redistribution increase industries institutions intellectual capital inter-firm relations internal Japan Japanese economy Japanese firms Japanese system job change job-loss costs labour market large firms long-term manufacturing Matsugi medium-size firms ment merger multi-divisional organization Nagoya University nominal wage oil shock organizational parent company perspective problem production profits public capital purchasing power real wage recession result sector small and medium-size SMEs social stock options strategy structural compatibility subcontractor system subsidiaries suppliers switching costs Tachibanaki tax system telematic tion Toyota treasury stocks venture businesses wage restraint Yagi