Japanese Views on Economic Development by Kenichi Ohno (9780415156394)

Description - Japanese Views on Economic Development by Kenichi Ohno

Japan - a major provider of development aid - is challenging conventional wisdom in economic development. This book is the first systematic exposition of the Japanese approach to economic development and systematic transition in the English language. Eminent development economists who shape Japan's massive economic aid policy are assembled in this one essential volume. Japanese economists generally believe that long-term vision and phased real sector strategies are lacking in the policy recommendations of the World Bank and International Monetary Fund. They argue that development of a market economy requires many conditions which do not automatically arise by hands off economic policy; these conditions must be built by conscious efforts of the government with international help. Therefore to promote a market economy, development economists should design comprehensive and long term development strategy tailored to the realities of each country.
This book will be a revelation to those who thought that the Japanese approach was simply to recommend universal industrial policy; they will be surpised by the broad scope of Japanese Views of Economic Development, touching on history, economic anthropology, and political development. Students of development economics, asian studies, international relations as well as professional policy makers will find this perspective both controversial and stimualting. Masahiko Aoki, Stanford University, USA; Yonosuke Hara, University of Tokyo, Japan; Shigeru Ishikawa, Institute for International Cooperation, Tokyo, Japan; Tatsuo Kaneda,

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