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The Liberal Democratic Party, which dominated post-war Japan, lost power in the early 1990s. During that same period, Japan's once stellar economy suffered stagnation and collapse. The author of this study traces the political dynamics of the country to determine the reasons for these changes and the extent to which its political and economic systems have been permanently altered. Pempel contrasts the political economy of Japan during two decades: the 1960s, when the nation experienced conservative political dominance and high growth, and the early 1990s, when the "bubble economy" collapsed and electoral politics changed. The different dynamics of the two periods indicate a regime shift in which the present political economy deviates profoundly from earlier forms. This shift has involved a transformation in socioeconomic alliances, political and economic institutions, and public policy profile, rendering Japanese politics far less predictable than in the past. Pempel weighs the Japanese case against comparative data from the USA, Great Britain, Sweden and Italy, to show how unusual Japan's political economy had been in the 1960s.The text suggests that Japan's present troubles are deeply rooted in the economy's earlier success.
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A comparative examination of Japan's political economy
Changes, like nettles, are hardest to grasp when they are ripe. So too with the changes now going on in Japan's politics and economics. Nevertheless, I try in this book to capture the essence of what is going on both in politics and economics--and to show the reader how these changes can be understood both in comparison to other industrialized democracies and to Japan at earlier periods of time.
Changes, like nettles, are hardest to grasp when they are ripe. So too with the changes now going on in Japan's politics and economics. Nevertheless, I try in this book to capture the essence of what is going on both in politics and economics--and to show the reader how these changes can be understood both in comparison to other industrialized democracies and to Japan at earlier periods of time.
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In the late 1990s the Japanese political economy was sharply different from what it had been two or three decades earlier. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
In the late 1990s the Japanese political economy was sharply different from what it had been two or three decades earlier. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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1 of 1 people found the following review helpful
Format:Paperback
Pempel convincingly argues in REGIME SHIFT that the major domestic and international changes taking place in Japan during the last decade or more have cumulatively resulted in a fundamental transformation in Japan's political economy. He then traces the consequences for Japan's present and future of this alteration. A major attempt to synthesize what others have seen as disparate, unconnected events and trends at both domestic and international levels into a coherent view of where Japan is and is going. Must reading for anyone interested in Japanese politics and economics, and its place in the world.
Format:Paperback
Although experts on Japan may have some specific academic criticisms, these should not detract from the overall quality of Pempel's book. The book synthesises an extremely wide body of literature (both English and Japanese language) on Japan's modern political economy, especially less well-known or unorthodox ideas overlooked by many Western texts. As such, it deserves to become a standard in bringing students (in the widest sense of the term) up to a graduate, if not higher, level understanding. It would definitely also make enlightening reading to those Western policy makers and commentators on Japan who have yet to grasp the subtleties of Japan's rise and the even more complicated factors behind its current decline.
Format:Paperback
Although experts on Japan may have some specific academic criticisms, these should not detract from the overall quality of Pempel's book. The book synthesises an extremely wide body of literature (both English and Japanese language) on Japan's modern political economy, especially less well-known or unorthodox ideas overlooked by many Western texts. As such, it deserves to become a standard in bringing students (in the widest sense of the term) up to a graduate, if not higher, level understanding. It would definitely also make enlightening reading to those Western policy makers and commentators on Japan who have yet to grasp the subtleties of Japan's rise and the even more complicated factors behind its current decline.
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