The Japanese Economy Reconsidered

Description

The Japanese economy has shown paradoxical changes. Its success in forming a company-centered society generated the long downturn toward zero-growth capitalism. The successful spread of information technologies resulted in the deterioration of economic life among working people and a wide fall in birth rate. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward more competitive markets promoted difficulties among people. This book offers lucid reconsideration of neoliberalism through concrete Japanese experiences.

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