This special issue starts with a short summary of the changing perceptions of Japan’s political economy from its meteoric rise as worldwide leading model in the 1970s and 1980s to its demotion to a problem and reform case since the later 1990s. Based on this overview, it identifies some striking issue and open questions in this conventional view of Japan’s political economy as problem and the high expectations on Abenomics as Japan’s current economic reform programme. Then we discuss the articles of the special issue and their new contributions to a better understanding of the developments at the corporate level as well as institutional change and economic reforms at the macro level in the last two decades.
Étiqueté : abenomics
« Japanese political economy revisited: diverse corporate change, institutional transformation, and Abenomics »
By David Chiavacci and Sébastien Lechevalier, in Japan Forum (2017).
Abenomics initially generated high expectations, but the mood has currently shifted to present it as another failed economic experiment. Opinions on Abenomics are however often closed to caricatures. It is thus crucial to provide a critical and balanced evaluation.