Manufacturing Sectoral Growth in the USA and Japan: Relevance to SMEs, Organizational Innovations, and Recent Economic Growth
Although economic growth is inherently linked with the structure and nature of SMEs (e.g. their number, industry concentration, size, degree of outsourcing, etc), as this has been shown in the existing literature, OIs, more generally, are the context in which SMEs operate and hence OIs ought to be more closely examined in order to further understand the complex process of economic growth and the particular impact of SMEs on the latter. In this paper, a detailed comparison of the growth of manufacturing sectors in the USA and Japan is used as an indirect way to demonstrate the following proposition. Although SMEs have played a positive role in the postwar economic Japanese miracle, they are not a sufficient force for a sustainable economic growth, as the recent protracted recession in Japan shows. It is only when technological innovations and in particular OIs take place in the economy that this type of growth is possible, as this is also demonstrated in the recent American prolonged economic growth.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:fth:harver:1487 is not listed on IDEAS
- 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.
- Sanidas, E., 2001. "The Successful Imitation of the Japanese Lean Production System by American Firms: Impact on American Economic Growth," Economics Working Papers wp01-02, School of Economics, University of Wollongong, NSW, Australia.
When requesting a correction, please mention this item's handle: RePEc:uow:depec1:wp02-09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Siminski)
If references are entirely missing, you can add them using this form.