Magnus Blomstrum Byron Gangnes () (Department of Economics, University of Hawaii at Manoa) Sumner La Croix () (Department of Economics, University of Hawaii at Manoa)
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Japan's slow growth in the 1990s has raised concerns that Japanese political and economic institutions are not responding effectively to domestic problems and increased global competition. But Japan's stagnant macroeconomic performance masks structural changes and economic reforms now underway. These changes are gradually transforming Japanese institutions from their traditional role as supports for catch-up growth to the needs of a mature economy. This paper is the introduction to a forthcoming volume that takes a forward-looking view at important trends for the coming decade and their implications for Japan, its markets and its relationship with the world.
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Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number
200011.
Length: 26 pages Date of creation: 2000 Date of revision: Publication status: Published in Magnus Blomström, Byron Gangnes and Sumner La Croix, eds., Japan’s New Economy: Continuity and Change in the 21st Century, Oxford University Press, 2000. Handle: RePEc:hai:wpaper:200011
Find related papers by JEL classification: O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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