Japanese targeting : successes, failures, lessons / Jon Woronoff.

Few economic tools have attracted as much attention as industrial policy and "targeting," wielded most effectively by Japan to accelerate its economic rise. This book considers who targeted industries, how they were chosen and what techniques were used to support them. It also delves into...

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Bibliographic Details
Online Access: Full Text (via Internet Archive)
Main Author: Woronoff, Jon
Format: eBook
Language:English
Published: New York : St. Martin's Press, 1992.
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245 1 0 |a Japanese targeting :  |b successes, failures, lessons /  |c Jon Woronoff. 
260 |a New York :  |b St. Martin's Press,  |c 1992. 
300 |a 1 online resource (xii, 286 pages) 
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504 |a Includes bibliographical references (pages 277-280) and index. 
505 0 |a pt. I. What, Who, How. 1. Background. Definitions. Japanese Style. Historical Origins. Reasons and Rationalisations. The Great Industrial Policy Debate. 2. Institutions. The Politicians. Mighty MITI. Other Agencies. The Business Community. Bureaucrats v. Businessmen (First Round). Is There A Japan, Inc.? The People. 3. Techniques. Market Manipulation. Financial Support. Technological Advance. The Competitive Urge. Creating the Right Climate. Company Targeting -- pt. II. Case Studies. 4. Risen Sectors. Coal, Oil and Petrochemicals (1). The Steel Industry. Shipbuilding and Transportation (1). Textiles (1). Farming. Financial Services. 5. Rising Sectors -- Public. Computers. Semiconductors. Telecommunications. Machine Tools. Pharmaceuticals. 6. Rising Sectors -- Private. Automobiles. Motorcycles. Consumer Electronics. Construction Equipment and Office Automation. Sundry. 7. Sectors Slated to Rise. New Materials. Robotics. Biotechnology. Nuclear Energy. Aircraft and Engines. Aerospace. 8. Declining Sectors. Textiles (2). Coal, Oil and Petrochemicals (2). Shipbuilding and Transportation (2). Aluminium (and Steel) -- pt. III. Results and Reactions. 9. Rating Success. Faster, Further, More Forcefully. Picking Winners ... Mostly. Easier Said Than Done. How Rational? Bureaucrats v. Businessmen (Second Round). People's Costs and Benefits. 10. Foreign Repercussions. What Targeting Wrought. The Victims. Mixed Reactions. Was There a Conspiracy? 11. What Now? No End To Targeting. Learning From Japan. 
520 |a Few economic tools have attracted as much attention as industrial policy and "targeting," wielded most effectively by Japan to accelerate its economic rise. This book considers who targeted industries, how they were chosen and what techniques were used to support them. It also delves into the intriguing question of who ran the show: bureaucrats or businessmen? More than theory, it is essential to examine the practice of targeting. This is done generally and more specifically, with case studies of crucial exercises for steel, shipbuilding, computers, semiconductors, machine tools and many others. Even more interesting are sectors which are being targeted now: robotics, aerospace, artificial intelligence, and so on. While most targeting exercises were successful, some were failures and certain broader problems arose. They are less well known but merit careful attention. So does the impact of Japanese targeting on other countries, especially those whose domestic industries suffered or who wish to adopt certain targeting techniques to strengthen their own economies. 
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