Overview

"Japan is living in the shadow of its economic miracle. Its stagnation and decline relative to other advanced economies since the early 1990s is a consequence of business and government difficulty in breaking away from once-successful practices. The Japanese postwar economic miracle created the world's second largest capitalist economy. This remarkable performance, in the face of such enormous obstacles, helped solidify, even sanctify, the institutions, methods and political arrangements associated with the economic miracle. Based upon a decade of research articles distributed in the Washington D.C. based Japan Economic Institute's weekly report on Japan, ""In the Shadow of the Miracle"" analyzes the sources of Japanese growth and the nature and scale of its current economic problems. Chapters examine Japanese investment, manufacturing, research and development, the 1997-99 Asian economic crisis, and the steps being taken, by Japan's government and business leaders, to address the mounting crisis. A final section addresses the question of whether Japan is different from other advanced economies."

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9780739101278

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Alexander's book contains plenty of curious fact-finding, some of which isnot only of an economic nature, but also of a psychological, sociological, and political nature. Journal Of Japanese Studies

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Arthur J. Alexander was President of the Washington, D.C. based Japan Economic Institute of America from 1990 to the Institute's closing in 2000. He is currently a visiting professor at Georgetown University and has taught at George Mason University, John Hopkins University's School of Advanced International Studies, the University of California, Los Angeles, and the Rand Graduate School.

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