Japanese Industrial Targeting: The Neomercantilist Path to Economic Superpower

Nester, William R.

Japan achieved it's present economic position by rejecting free trade theory and instead mastering neomercantilist policies which target strategic industries for development with a range of government sponsored cartels, subsidies, import barriers and export incentives. These policies stimulated an economic growth rate which averaged ten percent before 1973, and five percent since, rates four and two times greater than America's during the same periods. This book analyzes the policy making process, implementation, successes, occasional shortcomings, and challenges posed by Tokyo's neomercantilist policies toward its trade rivals.

Details

Published by: Palgrave Macmillan

Publication Date: 1991-01-01

Format: Paperback

ISBN-13: 9781349212866

DOI: 10.1007/978-1-349-21284-2

Dimensions: 216.0cm x140.0cm

Pages: 297.0