Resurgence of the Japanese Business Myth

Author: Li Ke, Editor-in-Chief
Publisher:
Publish Date: 2004-04-01
Features: "The Japanese Model" was once regarded as a classic example of economic catch-up and development by developing countries, and the international academic community actively discussed this new economic development model. However, Japan's long-term economic recession in the 1990s has now been widely attributed to the "Japanese Problem." These changes have compelled people to re-examine economic development strategies and models, particularly the relationship between "technological imitation and innovation" and "institutional imitation and innovation." As a developing country, China should it first leverage the "latecomer advantage" through "technological imitation and innovation," and then proceed with "institutional imitation and innovation" when conditions are ripe? Or should it give equal importance to both to avoid the "latecomer disadvantage" caused by lagging institutional imitation and innovation? This book analyzes and reflects on Japan's economic development model, especially the recent changes and future trends in its economic and management model, to explore this core issue of economic development from multiple perspectives. We hope our work will once again draw attention to the issue of economic development and management models, particularly for readers concerned with the future of China's economy and the exploration and establishment of Chinese-style management models.