Economic Ideology and Japanese Industrial Policy: Development...

Economic Ideology and Japanese Industrial PolicyDevelopmentalism from 1931 to 1965\nAuthor(s): Bai Gao\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521582407, 978-0521582407\nSynopsis\nIn this major addition to the literature on modern Japanese development, Bai Gao emphasizes the role of ideas and ideology in industrial policy, and explores how the Japanese themselves perceived the issue of economic development. During the Great Depression and World War II, the ideology of developmentalism - characterized by a nationalistic perspective, a production orientation, and a strategic view of the economy including restraint of market competition and rejection of the profit principle - emerged and strongly influenced policy innovation in Japan and institutional reforms in its economy. Liberal capitalism in the postwar era demilitarized the Japanese economy, and forced developmentalism to adapt to democratic politi.