The Japanese economic crisis

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Bibliographic Information

The Japanese economic crisis

Jon Woronoff

Macmillan, 1996

2nd ed

  • : hbk
  • : pbk

Available at  / 38 libraries

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Note

First ed.: 1992

Includes bibliography (p. 273-280) and index

Description and Table of Contents

Description

Even while Japan's supporters and apologists boasted of the 'miracle' economy, it was developing weaknesses and flaws which have undermined it. Growth is slowing, the labour force is aging and youngsters lack the old work ethic. Manufacturing is dwindling while inefficient services, distribution and agriculture fester. There are good companies, but many more mediocre ones, and even the best make slim profits. Meanwhile people are tired of long work hours and little leisure, high prices for virtually everything, inadequate housing, amenities and welfare, and a quality of life that is a poor reward for their sacrifices. This adds up to a crisis for many Japanese companies, individuals and society as a whole. It is a crisis that has been spreading rapidly since the collapse of the 'bubble' of the 1980s. And there is little hope that another 'miracle' can overcome the problems and put the economy back on track. More radical change is needed, the sort of change that is most unlikely to occur in Japan. This predicament is well known to the Japanese. But it is inadequately reflected in books for foreigners. That is why Jon Woronoff has written The Japanese Economic Crisis. Again he reveals the problems and failures, the facts and realities that others still miss but are indispensable if you want to understand the true situation.

Table of Contents

Foreword - The (Coming) Economic Crisis - Economic Miracles and Mirages - Economic Super-Management - The Little Train That Couldn't -Japan's Wasted Workers - Rich Nation, Poor People - What Quality of Life? - The Human Element Fails - Work is No Fun - Demise of the Classless Society - The Crisis Cometh - Postscript - Bibliography - Index

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