
Comparing Economic Systems
Italy and Japan
Palgrave Macmillan (Publisher)
Published on 18. December 2000
Book
Hardback
272 pages
978-0-333-92893-6 (ISBN)
Description
Italy and Japan are among the world's largets and richest economies, yet their performance has seldom been compared. This book, written by specialists coming from both countries, fills the gap. It looks in detail at areas such as coporate governance, growth, financial and foreign trade structure, labour markets and industrial organization. Two major themes emerge. First, both Italy and Japan have been successful without following the institutions, policies and practices of the dominant Anglo-American model. Second, behind a number of apparent similarities between the two economies are hidden equally numerous differences. Thus, both countries experienced rapid domestic and export growth, yet Japanese growth was spearheaded by large-scale conglomerates, Italy's by smaller firms. Both have dualistic economies, but while Italy's divide is regional, Japan's cuts across sectors and industries. And while neither economy has embraced shareholder capitalism, it is managers that have run Japan's companies, while family owners have dominated Italian firms. So far at least, convergence between the two models has been very limited.
Reviews / Votes
'[This is] comparative economic history at its best. Whether at the micro-level of silk production or the macro-level of technology and trade, things one takes for granted about the one country come to seem problematic and contingent in the light of parallel developments in the other. And there is the implicit shadow comparison with the Washington consensus, too. Anyone who needs convincing that there are more, and more interesting, forms of economic life than are dreamed of in its shareholder value philosophy should read this book.' - Professor Ron Dore, Centre for Economic Performance, London School of Economics. 'Many observes, both in Japan and abroad, have often thought that the Japanese economic system is very different from those of Western countries. This collection of fascinating papers, comparing various aspects of the Japanese and Italian economies, forcefully denies such an assumption. Going over this delightful volume, readers will discover the many similarities that exist between Japan and a Western economy such as Italy. This is a solid work with many insightful points.' - Masahiro Okuno-Fujiwara, Professor of Economics, University of TokyoMore details
Language
English
Place of publication
Basingstoke
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
tables and graphs
Dimensions
Height: 223 mm
Width: 144 mm
Thickness: 21 mm
Weight
536 gr
ISBN-13
978-0-333-92893-6 (9780333928936)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
ANDREA BOLTHO is a Fellow of Magdalen College, Oxford. Among his works are Japan - An Economic Survey (1975) and The European Economy: Growth and Crisis (1982). ALESSANDRO VERCELLI is Professor of Economics at the University of Siena where he is also editor of Economic Notes. Among his works are Methodological Foundations of Macroeconomics: Keynes and Lucas (1991), and he is co-editor of Macroeconomics: A Survey of Research Strategies (with N.Dimitri, 1992) and Sustainability: Dynamics and Uncertainty (with G.Chichilnisky & G.Heal, 1998). HIROSHI YOSHIKAWA teaches at Tokyo University. In 1991 he was Nissan Fellow at St Antony's College, Oxford. Among his works is Macroeconomics and the Japanese Economy (1995)
Content
Preface Notes List of Abbreviations Notes on the Contributors Introduction; A.Boltho, A.Vercelli & H.Yoshikawa Divergences in Corporate Governance Models: The Role of Institutional Shocks; F.Barca, K.Iwai, U.Pagano & S.Trento Economic Growth: The Role of Demand; M.D.Matteo & H.Yoshikawa Italy's Financial System: Banks and Industrial Investment; M.de Cecco & G.Ferri Japan's Financial System: A Failure of Corporate Governance?; A.Horiuchi Foreign Trade Performance: From Early Similarities to Present Diversity; A.Boltho Labour Market Performance and Job Creation; Y.Genda, M.G.Pazienza & M.Signorelli Small Firms and Manufacturing Employment; P.Carnazza, A.Innocenti & A.Vercelli The Distribution Structure: An Evolutionary Analysis; K.G.Nishimura & L.F.Punzo Education, Training and Labour Market Structure; G.Brunello & T.Ishikawa The Silk Industry: A Historical Perspective; G.Federico & K.Ishii Index