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Introduction

In: Japan and China

Author

Listed:
  • Hanns Günther Hilpert
  • René Haak

Abstract

All through the 1990s Japan and China experienced diverging courses of economic fortune. The economic superpower Japan, following the collapse of its stock and real estate markets, went through a decade of enduring economic stagnation and most of Japan’s industry has not been able to keep pace with the high growth and rapid productivity gains of its main cornpetitors in the US. In contrast, China has sustained high economic growth rates of around 10 per cent per annum and Chinese firms have gained dominant world market shares in an increasing number of industrial sectors. As a result, China’s developmental gap to the leading industrialized countries narrowed substantially, and China has achieved the stature as a centre of regional political and economic power.

Suggested Citation

  • Hanns Günther Hilpert & René Haak, 2002. "Introduction," Palgrave Macmillan Books, in: Hanns Günther Hilpert & René Haak (ed.), Japan and China, pages 1-11, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-0739-4_1
    DOI: 10.1057/9781403907394_1
    as

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