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The Ministry of Finance: Bureaucratic Practices and the Transformation of the Japanese Economy

J. Robert Brown




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 | #4068252 in eBooks |  1999-01-30 |  1999-01-30 | File type: PDF

||3 of 3 people found the following review helpful.| The Ministry of Finance: Bureaucratic Practices and the Tran|By Alan Garber|Book Review by Janet Hunter, Business History
The role of the Japanese government, in particular that of the Ministry of International Trade and Industry (MITI), in shaping industrial policy and export success in Japan since World War Two has been much debated. In recent years, however, with evid| |"This study will be valuable to a broad range of readers. While those new to Japan's postwar financial system will find a clear explanation of how it has worked and evolved over the past forty or fifty years, specialists will learn new details."-Enterprise & S

Japan's economy, once the envy of the world, has recently experienced a period of malaise and stagnation. This is due in part to over-regulation and resistance to change within the Japanese bureaucracy. Many argue that this bureaucracy must be replaced with a system similar to that in the United States, involving ruthless competition, fluid job markets unhindered by notions of lifetime employment, tolerance of business failures, and the elevation of conflict over cons...

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