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Circles of Compensation: Economic Growth and the Globalization of Japan
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Circles of Compensation: Economic Growth and the Globalization of Japan Paperback - 2017

by Kent E. Calder


From the publisher

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.

Details

  • Title Circles of Compensation: Economic Growth and the Globalization of Japan
  • Author Kent E. Calder
  • Binding Paperback
  • Pages 320
  • Volumes 1
  • Language ENG
  • Publisher Stanford University Press
  • Date 2017-08-01
  • Illustrated Yes
  • ISBN 9781503602441 / 1503602443
  • Weight 1.04 lbs (0.47 kg)
  • Dimensions 9 x 6 x 0.72 in (22.86 x 15.24 x 1.83 cm)
  • Themes
    • Cultural Region: Asian - Japanese
  • Library of Congress subjects Japan - Economic conditions, Japan - Economic policy
  • Library of Congress Catalog Number 2017005239
  • Dewey Decimal Code 330.952

Media reviews

Citations

  • Choice, 09/01/2018, Page 0

About the author

Kent E. Calder is Director of the Reischauer Center for East Asian Studies at SAIS/Johns Hopkins University in Washington, D.C. He previously served as Special Advisor to the U.S. Ambassador to Japan and as Japan Chair at the Center for Strategic and International Studies, and he has taught at Princeton, Harvard, and Seoul National Universities.
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Circles of Compensation: Economic Growth and the Globalization of Japan
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Stanford.: Stanford University Press.. 2017.. xvi + 297pp, notes, bibliography, index, 22.9 x 15.2cm. A very good paperback copy. "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… Read More
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