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The Tradition of Change in Japan

Author

Listed:
  • Magnus Blomstrum
  • Byron Gangnes

    () (Department of Economics, University of Hawaii at Manoa)

  • Sumner La Croix

    () (Department of Economics, University of Hawaii at Manoa)

Abstract

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.

Suggested Citation

  • Magnus Blomstrum & Byron Gangnes & Sumner La Croix, 2000. "The Tradition of Change in Japan," Working Papers 200011, University of Hawaii at Manoa, Department of Economics.
  • Handle: RePEc:hai:wpaper:200011
    as

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    File URL: http://www.economics.hawaii.edu/research/workingpapers/011.pdf
    File Function: First version, 2000
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    References listed on IDEAS

    as
    1. Howe, Christopher, 1996. "The Origins of Japanese Trade Supremacy," University of Chicago Press Economics Books, University of Chicago Press, edition 0, number 9780226354859, April.
    2. Paul R. Krugman, 1998. "It's Baaack: Japan's Slump and the Return of the Liquidity Trap," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 137-206.
    3. Takatotshi Ito, 1996. "Japan and the Asian Economies: A 'Miracle' in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 205-272.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Japan; institutions; structural change;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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