The mechanism of economic development : growth in the Japanese and East Asian economies

Bibliographic Information

The mechanism of economic development : growth in the Japanese and East Asian economies

Ken-ichi Inada, Sueo Sekiguchi, Yasutoyo Shoda

Clarendon Press, 1992

Other Title

Keizai hatten no mekanizumu

経済発展のメカニズム : その理論と実証

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Note

Translation of: 経済発展のメカニズム

Bibliography: p. [318]-325

Includes index

Description and Table of Contents

Description

This text presents a model of economic development in mono-cultural economies, applied largely to Japan, but also including empirical evidence from other countires. The first part of the book is theoretical and builds on a model first expounded by Inada. The rest of the study applies the model to the Japanese economy before and after World War II. A major feature of the book is the theory which explains the mechanism of industrial development in what was originally a subsistence economy with a very limited capitalist sector. The theory explains the surge in industrialization and/or its failure within a consistent model, which takes into account the important role of food and labour supply, and the performance of the subsistence sector.

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