Unformatted text preview: effective mobilization of domestic saving to support the development effort is what caused the Japanese economy to be successful in the early decades after World War II. The performance of the Japanese economy is largely due to its labor-related institutions, and “the dualistic labor market is apparently the source of strength for the Japanese economy” (Wan 2006). One can attribute national consciousness rather than profit motive as the source of Japanese success. Japan’s quality control merged with the ‘small team’ principle to become the widely adopted system of the ‘quality control circle.’...
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This note was uploaded on 06/25/2009 for the course ECON 4450 taught by Professor Wan during the Spring '09 term at Cornell.
- Spring '09