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Lecture 16 - Lecture 16 Japan Political Economy Political...

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3-13-08 Lecture 16 Japan- Political Economy Political Economy of Japan Export orientates Egalitarian income distribution at home Small state Powerful government agencies Market conforming policies Miti Now Meti and MoF Ministry of economic trade industry Ministry of finance Key actors in economic policy Objectives Enhance competitiveness of firms in global markets Select future technology, firms, and sectors with competitive edge Facilitate restructuring of declining sectors 1950’s 1960’s Emphasize heavy industry, shipping, and steel Used control over foreign exchange and trade protectionism Captive firms dependant on Miti 60’s and 70’s Trade protectionism in heavy industry dismantled Oversee restructuring of declining industries Put technology on agenda Technology transfers as price to enter Japanese market
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