Description
This book is about the Japanese economy and how it has changed over the past few decades. It is written by Ronald Dore and it was published in 2002. Dore argues that Japanese capitalism has changed over the past few decades and that this change has been influenced by global capitalism. He also argues that Japanese capitalism is different from American capitalism in a number of ways.
With the Japanese economic bubble burst, fewer people are ready to hold up Japanese corporate governance as a model for the Anglo-Saxon world. Yet the picture presented in this book of Japan's troubles and soul-searching during the 1990s is considerably different from the triumphalism of reformers who say that Japanese firms must shed their trammelling rigidities and join the real world of tough competition in globally flexible markets Ronald Dore places recent developments in Japan in the broader context of gradual changes in modern patterns of capitalism common to all industrial societies - a process that he labels marketization plus financialization. His central focus is on the tendency for shareholder value to be preached as the sole legitimate objective of corporate executives, contrary to the traditional aligment of Japan on the productivist, employee-favouring rather than shareholder-favouring side of the divide. In this context, Dore's extended comparison with Germany, which is also a relatively egalitarian society and is subject to the same Anglo-Saxonizing forces, is instructive. Review: Dore's prose is succinct, jargon-free and pleasantly laconic. The Copenhagen Journal of Asian Studies Dore is good enough to admit his prejudices, while taking considerable care to present all sides of every argument regarding the pros and cons of Japan's economic system. The Copenhagen Journal of Asian Studies insightful. Financial Adviser Interesting insights ... Dore has written a fascinating book on an important subject. There are so many middle-of-the-road books on the assumed merits of the Anglo-American model that it is indeed welcome, necessary and timely to see the other case made. The book deserves many readers, and they will be rewarded by highly stimulating and thought-provoking ideas and interpretations ... were it not for his commitment and involvement, we might have missed some of the most remarkable scholarship on Japan in recent decades. Social Science Japan Journal Professor Dore has written a thoughtful and provocative book on how global capitalism may evolve. Whether or not you agree with him - and many economists and CEOs will not - if you are interested in the future of the world economy, you should read this book. Jeffrey E. Garten, Dean, Yale School of Management A thoughtfully detailed book, it's worth the time to read and re-read. H- Japan 03/2002
Related Products
