Circles of Compensation: Economic Growth and the Globalization of Japan

Calder, Kent E.

ISBN 10: 1503602443 / ISBN 13: 9781503602441

Published by Stanford University Press, 2017

About this Item

Softcover in Very Good condition. Clean pages. Good binding. Minimal wear to the exterior. Ships fast and guaranteed well protected with domestic tracking.

Seller Inventory # 090211-Calder

Bibliographic Details

• Title: Circles of Compensation: Economic Growth and the Globalization of Japan
• Publisher: Stanford University Press
• Publication Date: 2017
• Language: English
• ISBN 10: 1503602443
• ISBN 13: 9781503602441
• Binding: Paperback
• Condition: Very Good
• Weight: 18 ounces

About this title

Synopsis

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.

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.