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Postimperialism and the Promotion of a Japanese Model of Economic Development
Japan's promotion of its model for economic development is not directly analogous to earlier attempts by the US or Britain to promote models for wealth creation and growth. The models the US and Britain promoted served their own national interest. It is not in Japan's interest for other na...
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| Published in: | Journal of economic issues 1997-06, Vol.31 (2), p.473-478 |
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| Main Author: | |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c480t-853fa42182d3136b260980e550628024c659850aa037089000d46ea68e387a153 |
|---|---|
| cites | cdi_FETCH-LOGICAL-c480t-853fa42182d3136b260980e550628024c659850aa037089000d46ea68e387a153 |
| container_end_page | 478 |
| container_issue | 2 |
| container_start_page | 473 |
| container_title | Journal of economic issues |
| container_volume | 31 |
| creator | Lanciaux, Bernadette |
| description | Japan's promotion of its model for economic development is not directly analogous to earlier attempts by the US or Britain to promote models for wealth creation and growth. The models the US and Britain promoted served their own national interest. It is not in Japan's interest for other nations to adopt their model since it is essentially protectionist. Continued Japanese economic success is predicated on their continuing to follow the Japanese model, while the rest of the world continues to follow a Western model, keeping markets open to Japanese goods. Japan's economy can only be successful if international trade is based on fuzzy principles, and the US has learned from experience that it is precisely the fuzziness of these principles that makes it difficult to have significant success in Japanese markets and to have anything approaching balanced trade with Japan. As a result, there is currently a transitional period, where it appears that the US is stepping down from the role of primary promoter of free trade principles and where Japan is picking up the baton. |
| doi_str_mv | 10.1080/00213624.1997.11505936 |
| format | article |
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The models the US and Britain promoted served their own national interest. It is not in Japan's interest for other nations to adopt their model since it is essentially protectionist. Continued Japanese economic success is predicated on their continuing to follow the Japanese model, while the rest of the world continues to follow a Western model, keeping markets open to Japanese goods. Japan's economy can only be successful if international trade is based on fuzzy principles, and the US has learned from experience that it is precisely the fuzziness of these principles that makes it difficult to have significant success in Japanese markets and to have anything approaching balanced trade with Japan. 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| fulltext | fulltext |
| identifier | ISSN: 0021-3624 |
| ispartof | Journal of economic issues, 1997-06, Vol.31 (2), p.473-478 |
| issn | 0021-3624 1946-326X |
| language | eng |
| recordid | cdi_jstor_primary_4227197 |
| source | EconLit s plnými texty; Business Source Ultimate; JSTOR Archival Journals and Primary Sources Collection; Worldwide Political Science Abstracts; Taylor and Francis Social Sciences and Humanities Collection |
| subjects | Capitalism Cold wars Communism Comparative advantage Economic development ECONOMIC DOMINATION OF ANY UNDERDEVELOPED COUNTRY BY A DEVELOPED ONE Economic model construction Economic models Economic systems Economic theory ECONOMICS Free trade Imperialism International economics JAPAN MODELING, MODELS POST-COLD WAR Studies Trade promotion |
| title | Postimperialism and the Promotion of a Japanese Model of Economic Development |
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