Changing Japanese Capitalism
Societal Coordination and Institutional Adjustment

A systematic assessment of continuity and change in the central elements of Japanese business since 1990.

Michael A. Witt (Author)

9780521868600, Cambridge University Press

Hardback, published 7 December 2006

240 pages
22.9 x 15.2 x 1.7 cm, 0.52 kg

'There has been a flurry of publishing recently analyzing Japanese corporations in the post-bubble economy and the extent to which change is or is not happening and why. … Michael A. Witt's Changing Japanese Capitalism: Societal Coordination and Institutional Adjustment … provides a good point of departure.' Journal of Asian Studies

Economic crisis tends to spur change in the 'rules of the game' - the 'institutions' - that govern the economic activity of firms and employees. But after more than a decade of economic pain following the burst of the Japanese Bubble Economy of the 1980s, the core institutions of Japanese capitalism have changed little. In this systematic and holistic assessment of continuity and change in the central components of Japanese capitalism, Michael A. Witt links this slow institutional change to a confluence of two factors: high levels of societal co-ordination in the Japanese political economy, and low levels of deviant behaviour at the level of individuals, firms, and organizations. He identifies social networks permeating Japanese business as a key enabler of societal co-ordination and an obstacle to deviancy, and sheds light on a pervasive but previously under-explored type of business networks, intra-industry loops. Includes a foreword by Gordon Redding.

Figures
Tables
Acknowledgements
1. Introduction
2. Continuity and change in the Japanese business system
3. Coordination and institutional adjustment
4. Coordinating networks in the Japanese business system
5. Intra-industry loop networking
6. R&D consortia and intra-industry loops in new industries
7. Conclusion
Appendix
References
Index.

Subject Areas: Organizational theory & behaviour [KJU], International business [KJK], Business & management [KJ], Economic systems & structures [KCS]