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In the Shadow of the Miracle: The Japanese Economy Since the End of High-Speed Growth
Author(s): Arthur J. Alexander (Author)
- Publisher: Lexington Books (UK)
- Publication Date: 30 July 2002
- Language: English
- Print length: 362 pages
- ISBN-10: 0739101277
- ISBN-13: 9780739101278
Book Description
Japan is living in the shadow of its economic miracle. Its stagnation and decline relative to other advanced economies since the early 1990s is a consequence of business and government difficulty in breaking away from once-successful practices. The Japanese postwar economic miracle created the worlds second largest capitalist economy. This remarkable performance, in the face of such enormous obstacles, helped solidify, even sanctify, the institutions, methods, and political arrangements associated with the economic miracle. Based upon a decade of research articles distributed in the Japan Economic Institutes weekly report on Japan, In the Shadow of the Miracle analyzes the sources of Japanese growth and the nature and scale of its current economic problems. Chapters examine the steps being taken by Japans government and business leaders to address the mounting national economic problems and the impact on Japan of the wider Asian financial crisis (1997-99). A final section addresses the question of whether Japan is fundamentally different from other advanced economies.
Editorial Reviews
Review
Alexander”s book contains plenty of curious fact-finding, some of which isnot only of an economic nature, but also of a psychological, sociological, and political nature.
About the Author
Arthur J. Alexander was President of the Washington, D.C. based Japan Economic Institute of America from 1990 to the Institute’s closing in 2000. He is currently a visiting professor at Georgetown University and has taught at George Mason University, John Hopkins University’s School of Advanced International Studies, the University of California, Los Angeles, and the Rand Graduate School.
