product description page

Circles of Compensation : Economic Growth and the Globalization of Japan (Hardcover) (Kent E. Calder)

Circles of Compensation : Economic Growth and the Globalization of Japan (Hardcover) (Kent E. Calder) - image 1 of 1

about this item

Japan grew explosively and consistently for more than a century, from the Meiji Restoration until the collapse of the economic bubble in the early 1990s. Since then, it has been unable to restart its economic engine and respond to globalization. How could the same political–economic system produce such strongly contrasting outcomes?

This book identifies the crucial variables as classic Japanese forms of socio-political organization: the "circles of compensation." These cooperative groupings of economic, political, and bureaucratic interests dictate corporate and individual responses to such critical issues as investment and innovation; at the micro level, they explain why individuals can be decidedly cautious on their own, yet prone to risk-taking as a collective. Kent E. Calder examines how these circles operate in seven concrete areas, from food supply to consumer electronics, and deals in special detail with the influence of Japan's changing financial system. The result is a comprehensive overview of Japan's circles of compensation as they stand today, and a road map for broadening them in the future.

Number of Pages: 297
Genre: Political Science, Business + Money Management
Sub-Genre: Globalization
Format: Hardcover
Publisher: Stanford Univ Pr
Author: Kent E. Calder
Language: English
Street Date: August 1, 2017
TCIN: 52148982
UPC: 9780804798686
Item Number (DPCI): 248-42-1947
$90.00

guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.