Jpri occasional Paper No. 22 (August 2001) Japanese "Capitalism" Revisited by Chalmers Johnson plan-rational and market-rational economies capitalist developmental state capitalist regulatory state



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POL 334

Political Economy of Japan

Dr. Lairson
JPRI Occasional Paper No. 22 (August 2001)
Japanese "Capitalism" Revisited
by Chalmers Johnson

plan-rational and market-rational economies

capitalist developmental state

capitalist regulatory state

"industrial policy."
Vogel on Germany and Japan
Convergence???
What is Vogel’s thesis? How does his argument explain why Germany and Japan have not adopted these reforms?
Freiden and Rogowski???
How do Vogel’s ideas about politics and political economy compare with those you might hear on TV or the radio? Do they seem similar or different?
How does Vogel describe the differences between Germany/Japan and the US?
Coordinated market economies versus liberal market economies
foster more long-term cooperative relationships between firms and labor, firms and banks, and different firms. And the state and intermediary associations play a critical role in establishing and maintaining the framework for this private-sector coordination. Although there is considerable variation across sectors and across firms within individual countries, the coordinated market economies remain sufficiently distinct from liberal market economies to make this a useful distinction.




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