IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v8y1999i4p607-33.html
   My bibliography  Save this article

The Japanese Economy and Corporate Reform: What Path to Sustainable Prosperity?

Author

Listed:
  • Lazonick, William

Abstract

The collapse of Japan's bubble economy in 1990 and the persistence of recessionary conditions in the 1990s have raised doubts about the viability of the "Japanese model," particularly in the West but increasingly in Japan as well. This paper argues that Japan's economic problems--unemployment, unstable banks, underconsumption and underfunded pensions--are largely the direct results of the nation's rapid and successful economic development in the previous four decades. An understanding of the transition of the Japanese economy from the boom of the 1980s to the stagnation of the 1990s is essential for assessing how the institutional foundations of Japanese economic development can be reformed to generate economic growth that is both stable and equitable over the next generation. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Lazonick, William, 1999. "The Japanese Economy and Corporate Reform: What Path to Sustainable Prosperity?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 8(4), pages 607-633, December.
    • Handle: RePEc:oup:indcch:v:8:y:1999:i:4:p:607-33
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lazonick, William & March, Edward, 2010. "The rise and demise of Lucent Technologies," MPRA Paper 22012, University Library of Munich, Germany.
    2. Bleischwitz, Raimund, 2002. "Governance of eco effiency in Japan: An institutional approach," Wuppertal Papers 124, Wuppertal Institute for Climate, Environment and Energy.
    3. William Lazonick, 2006. "Corporate Governance, Innovative Enterprise, and Economic Development," WIDER Working Paper Series RP2006-71, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:8:y:1999:i:4:p:607-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.