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Can the Japan Inc. Model Be a Middle Course for Transition?: Industrial Policy and Postwar Economic Development of Japan

In: Transition from Socialist to Market Economies

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  • Okita Yoichi

Abstract

Throughout the 1990s the regular consulting meetings were held between the Japanese Economic Planning Agency and the Soviet Ministry of Economy. In particular in the middle part of the 1990s—I was a member in 1996—the Russian officials asked the Japanese officials and economists what kinds of programs would be effective to restore the Russian economy, and if we could offer a new approach different from the one recommended thus far by the IMF and American economists. They were asked if the Japanese model might be a promising choice for transitional economies. The Russian authorities believed that the Japanese model was an intermediate regime between a planned economy and a free market economy, and might have been trying to formulate a gradualist program in which the Japanese model could be used as a first step in the early stage of transition.

Suggested Citation

  • Okita Yoichi, 2009. "Can the Japan Inc. Model Be a Middle Course for Transition?: Industrial Policy and Postwar Economic Development of Japan," Palgrave Macmillan Books, in: Shinichi Ichimura & Tsuneaki Sato & William James (ed.), Transition from Socialist to Market Economies, chapter 9, pages 188-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24498-6_10
    DOI: 10.1057/9780230244986_10
    as

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