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Accelerating Japan's Economic Growth

Resolving Japan's Growth Controversy

By F. Gerard Adams, Lawrence R. Klein, Kumasaka Yuzo, Shinozaki Akihiko

Routledge – 2008 – 204 pages

Series: Routledge Studies in the Growth Economies of Asia

Purchasing Options:

  • Add to CartPaperback: $54.95
    978-0-415-66648-0
    March 23rd 2011
  • Add to CartHardback: $168.00
    978-0-415-43331-0
    October 3rd 2007

Description

The Japanese economy is beginning to show signs of recovery after years of stagnation/deflation, but many Japanese policymakers warn that this economic growth may be sluggish: slower than in the United States and certainly slower than in other East Asian countries. Japan faces significant economic problems, including an aging population, a large fiscal deficit, and the need to adjust to the IT economy and to competition with the rest of East Asia. A slow growth scenario would greatly reduce opportunities for new productive investment and would make it increasingly difficult to provide for Japan's growing social needs.

The authors of this book argue that Japan can and should grow more rapidly, and examine the reasons for the sluggish performance of the Japanese economy. For example, some Japanese economic sectors, particularly in distribution and finance, have failed to take advantage of new information and communications technology to accelerate the growth of productivity, as has happened in other countries, such as the US. Production function studies and econometric model simulations suggest that with appropriate policies the Japanese economy can grow more rapidly and deal with its future problems. The book posits a number of policy proposals which would help to accelerate Japan's economic growth

This book will be of interest to students of the Japanese economy, macroeconomics and international economies, and also to policymakers and professionals interested in Japan’s economy.

Reviews

"The fourth edition of An Introduction to the Policy Process remains the best primer for the scientific study of public policy. It provides an accessible and accurate overview of the essential concepts and theories of the policy process with concrete illustrations. The book is ideal for undergraduate and graduate students looking for a readable and comprehensive foundation in the field." —Christopher Weible, University of Colorado Denver, USA

"The fourth edition of An Introduction to the Policy Process provides readers with a broad perspective on American public policy, including insightful discussions of policy theory and the political processes that shape public policies. The author systematically explains his points in a clear, interesting, and accessible writing style. Birkland has made enduring contributions to the study of public policy, and in this textbook he has provided an excellent resource for teachers and students in the field of policy studies." —George Busenberg, Soka University of America, USA

"An Introduction to the Policy Process is among the most accessible textbooks there is on policy process research and theory. This new edition clearly explains basic concepts, theories, and models and incorporates illustrative data and empirical case study examples. Tom Birkland has the unique ability to connect conceptual and theoretical puzzles and debates with contemporary policy problems, which helps bridge the gap between theory and application. Raising questions for discussion and research, the book encourages the reader to think independently and critically about the policy process. I cannot think of a better way to inspire the next generation of public policy students and practitioners." —Daniel Nohrstedt, Uppsala University, Sweden

"As it ever was—and then some! Professor Birkland’s 4th edition of this introductory text to public policy continues to deliver esoteric policy theories and practical public policy content pitched at a level both casual enough for undergraduates and sophisticated enough for beginning graduate students. New to this edition are arrays of teaching and learning tools that make it almost off-the-shelf ready for instructors; new organization of the material and a focus on recent trends make the content relevant for the here and now." —Michael Jones, Oregon State University, USA

"No one to my knowledge has assembled a book that covers such an expanse of the policy landscape. This volume introduces readers to the actors, outputs, models, and theories involved in deciding what government does in the name of the public." —Patrick Roberts, Virginia Tech, USA

"An Introduction to the Policy Process provides unparalleled coverage of public policy as emerging from a single underlying system. Students will quickly see how this process applies across states, policy domains, and time. They will gain an appreciation for how seemingly separate institutions all come together in the policy process. The text accomplishes this through emphasizing the connections between various components of the policy system and the result is a stronger understanding of the policy process that will stick with students and serve them in a wide variety of contexts." —Scott Robinson, Texas A&M Research Foundation, USA

"Written in a highly accessible style with clarity and sophistication, this textbook is a fine combination of theory and empirical observation. Its comprehensive and cohesive approach to the study of the policy process gives students the proper tools and perspectives with which to puzzle and understand how U.S. policy is made." —Nikolaos Zahariadis, University of Alabama at Birmingham, USA

"Birkland knows public policy. He makes classic and contemporary policy scholarship come alive by using recent policy cases and inviting readers to consider issues in relation to their own values and goals. Policy studies newbies and experts alike will find this comprehensive, reader-friendly primer engaging, informative, and inspiring." —Sandra Vergari, State University of New York at Albany, USA

"This very readable book provides a clear and cogent introduction to concepts and theory in public policy and communicates critical concepts and ideas to students in a relaxed and conversational tone. Birkland takes on and readily accomplishes the hard task of illustrating and illuminating various features of the policy process as well as organizing and synthesizing a vast amount of information on these features. Students, policy practitioners, and other readers will find the updated fourth edition insightful and replete with current, real-world examples. This book should be required reading for anyone seeking to acquire an understanding of the American policy process." —Alka Sapat, Florida Atlantic University, USA

"This greatly anticipated update to Birkland’s straightforward and extremely accessible An Introduction to the Policy Process should be welcomed by anyone interested in policy as a political activity and those looking for a primer on understanding policy. The text embraces the complexity of policy making while bringing systematic coherence to how it can be understood and studied. Real life examples and case studies coupled with straightforward descriptions of theory bring to life the art and science of policy. I highly recommend this for undergraduates as an introduction to policy and for more advanced courses where policy is an important, but not central, element to study." —Toddi A. Steelman, University of Saskatchewan, Canada

Contents

1. Introduction and Summary of the Project; 2. The Economic Growth Record in Japan; 3. The Challenges to Japanese Economic Growth; 4. The IT/E-Business Revolution And Globalization: Implications of the New Economy for Japan; 5. Theoretical Framework: IT and Productivity Growth; 6. The East Asian Growth Process and IT: Implications for Japan; 7. Information and Communications Technology and Productivity Growth in Japan; 8. Revisiting Japanese Industrial Organization and Corporate System; 9. Case Study of Government Policy and the Telecommunications Market in Japan; 10. IT-Related Development and Policy: Some Examples from the United States with Relevance to Japan; 11. Estimating a New Economy Production Function for Japan; 12. Simulation Studies for Accelerating Japanese Economic Growth; 13. Polices to Achieve Faster Economic Growth in Japan; 14: Accelerating Japan’s Economic Growth: Conclusions

Author Bio

F. Gerard Adams, Professor Emeritus, University of Pennsylvania, is an expert on model building and application.

Lawrence R. Klein, Nobel Laureate, is Benjamin Franklin Prof. Emeritus, Univ. of Pennsylvania.

Yuzo Kumasaka is CEO of ITEconomy Advisers, an economic forecasting and consulting firm.

Akihiko Shinozaki, Professor, Kyushu University, Fukuoka, Japan, is an expert on the information economy and business investment analysis.

Name: Accelerating Japan's Economic Growth: Resolving Japan's Growth Controversy (Paperback)Routledge 
Description: By F. Gerard Adams, Lawrence R. Klein, Kumasaka Yuzo, Shinozaki Akihiko. The Japanese economy is beginning to show signs of recovery after years of stagnation/deflation, but many Japanese policymakers warn that this economic growth may be sluggish: slower than in the United States and certainly slower than in other East Asian...
Categories: Japanese Economics, Macroeconomics, International Economics