Changing Japanese Capitalism: Societal Coordination and Institutional Adjustment Download File PDF Torrent

Changing Japanese Capitalism: Societal Coordination and Institutional Adjustment




E-Book Download :Changing Japanese Capitalism: Societal Coordination and Institutional Adjustment (Format : pdf , Language : English)



Author : Michael A. Witt
Publish :2007 /
ISBN10/ISBN13 : 0521868602/9780511349874
Pages :241

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"Witt's focus on intra-industry loops is welcome because, while they are common to many sectors of the economy, they have thus far eluded systematic study. His book explores the composition and the functioning of these loops and demonstrates that the government plays a leading role in founding and fostering these networks in burgeoning industries through the creation of public research and development consortia. He further finds that networking intensity varies according to the demand of member firms for coordination, and that social networks and social capital may represent an obstacle to institutional adjustment. These networks, he suggests, discourage institutional innovation by stabilizing extant ones and contribute to slower institutional adjustment by facilitating coordination. Witt expands upon this thesis by claiming that Japan's institutional adjustment has been retarded by a combination of coordinated, time-intensive adjustment processes paired with relatively limited adjustment pressure at the microeconomic level. Finally, he stresses the lingering perception that micro-level action that deviates from social norms is regarded as illegitimate behavior. Interestingly, this has been underscored by recent news reports on Japanese whistle-blowers, who are typically ostracized in spite of their defense of public safety, sanitation, or finances (New York Times, June 7, 2008)." -Jeffrey W. Alexander, University of Wisconsin-Parkside, The Journal of Asian Studies

"Michael Witt has made here an excellent contribution to our understanding of Japanese capitalism, by focussing on societal coordination and institutional adjustment. Witt's initiative is to draw attention to what he has defined as 'intra-industry loops', a phenomenon taken for granted in Japan as natural or commonplace. Thanks to Witt's assessment, we can begin to see reasons for Japan's slow pace of change, and also how its economic circumstances are related to critical issues of institutional reform and capitalist diversity." Professor Harukiyo Hasegawa, Doshisha Business School, Kyoto

"While the distinctiveness of Japanese social networks in business is well documented, this book offers new insights into the processes at work in networking, focusing specifically on the importance of intra-industry loops....The book is crisply written, well organized and informative and wouldappeal to a wide range of readers. Other than the obvious group of specialists in Japanese business, this list would include those interested in social networks, particularly from a comparative perspective, and MBA students....this book offers us new evidence and intelligent analysis on Japan's slow rate of institutional change and the role that social networks play in deferring that process." Jane Nolan, University of Cambridge

"A well-researched, systematic exposition." Asian Business & Management Michael Lynskey, Komazawa University

Book Description

This systematic 2006 assessment of continuity and change in the central elements of Japanese business since 1990 links the slow rate of institutional change to high levels of societal co-ordination in the Japanese political economy. It also provides insights into intra-industry loops, a key type of social networking in Japanese business.

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