About this Item
Hardcover. Japan's economy, once the envy of the world, has recently experienced a period of malaise and stagnation. This is due in part to over-regulation and resistance to change within the Japanese bureaucracy. Many argue that this bureaucracy must be replaced with a system similar to that in the United States, involving ruthless competition, fluid job markets unhindered by notions of lifetime employment, tolerance of business failures, and the elevation of conflict over consensus in economic decision making. The author argues that not only will the bureaucracy, in the form of the Ministry of Finance, retain its position, it will also evolve to be more consistent with the transformed economic system allowing the Japanese economy to recover and retain its important role in the global economy.The book details the history of the Ministry of Finance and Japan's financial markets since World War II. It describes the economic crisis in Asia and Japan's attempts to transform its bureaucracy to better compete in the global arena. Economists, business practitioners, trade specialists, and anyone interested in Japan's role in the world economy will find this lucid and detailed book an invaluable resource. The Ministry of Finance in Japan, perhaps one of the most powerful bureaucracies in the world, has created an economic superpower out of postwar shambles. This book details the Ministry's evolution as well as its current attempt to retain its position in a transformed economy. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781567202304
Bibliographic Details
Title: The Ministry of Finance (Hardcover)
Publisher: Bloomsbury Publishing Plc, Westport
Publication Date: 1999
Binding: Hardcover
Condition: new
About this title
Japan's economy, once the envy of the world, has recently experienced a period of malaise and stagnation. This is due in part to over-regulation and resistance to change within the Japanese bureaucracy. Many argue that this bureaucracy must be replaced with a system similar to that in the United States, involving ruthless competition, fluid job markets unhindered by notions of lifetime employment, tolerance of business failures, and the elevation of conflict over consensus in economic decision making. The author argues that not only will the bureaucracy, in the form of the Ministry of Finance, retain its position, it will also evolve to be more consistent with the transformed economic system allowing the Japanese economy to recover and retain its important role in the global economy.
The book details the history of the Ministry of Finance and Japan's financial markets since World War II. It describes the economic crisis in Asia and Japan's attempts to transform its bureaucracy to better compete in the global arena. Economists, business practitioners, trade specialists, and anyone interested in Japan's role in the world economy will find this lucid and detailed book an invaluable resource.
J. ROBERT BROWN, JR. is a Professor of Law at the University of Denver College of Law. Before joining the faculty, he practiced law in Washington, DC in both private practice and with the Securities and Exchange Commission. He has written a number of books and articles on the financial markets of Japan and the states of the former Soviet Union.
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