Japanese targeting : successes, failures, lessons

Author(s)

Bibliographic Information

Japanese targeting : successes, failures, lessons

Jon Woronoff

Macmillan, 1992

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Note

Includes bibliographical references (p. 277-280) and index

Description and Table of Contents

Description

Few economic tools have attracted as much attention as industrial policy and targeting, wielded most effectively by Japan to accelerate its economic rise. This book considers who targeted industries, how they were chosen and what techniques were used to support them. It also delves into the question of who ran the show - bureaucrats or businessmen. More than theory, it is essential to examine the practice of targeting. This is done generally and more specifically, with case studies of crucial exercises for steel, shipbuilding, computers, semiconductors, machine tools and many others. Even more interesting are sectors which are being targeted now - robotics, aerospace, artificial intelligence, etc. While most targeting exercises were successful, some were failures and certain broader problems arose. They are less well known but merit careful attention. So does the impact of Japanese targeting on other countries, especially those whose domestic industries suffered or which wish to adopt certain targeting techniques to strengthen their own economies.

Table of Contents

  • Part 1 What, who, how: background
  • definitions
  • Japanese style
  • historical origins
  • reasons and rationalisations
  • the great industrial policy debate
  • institutions
  • the politicians
  • MITIocrats
  • other bureaucrats
  • the business community
  • bureaucrats Vs. businessmen (first round)
  • the people
  • is there a Japan Inc.?
  • techniques
  • market manipulation
  • finacial support
  • technological advance
  • the competitive urge
  • creating the right climate
  • company targeting. Part 2 Case studies: risen sectors
  • rising sectors - public
  • rising sectors - private
  • sectors slated to rise
  • declining sectors. Part 3 Results and reactions: rating success
  • foreign repercussions
  • what now?.

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