Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45138
Authors: 
Kimura, Fukunari
Year of Publication: 
2009
Series/Report no.: 
Research paper / UNU-WIDER 2009.22
Abstract: 
Japan was the first non-western country to accomplish successful industrialization, and the dominant perception of its industrial policy had over-emphasized specific characteristics of Japan. However, from the perspective of today's development thinking, Japan's economic history shared a wide range of common factors in usual economic development: macroeconomic stability, human resource development, and economic infrastructure. Industrial policy in Japan sometimes worked well and sometimes did not, depending on how effectively it counteracted market failure and took advantage of market dynamism. We must note, however, that the external conditions faced by Japan were widely different from what today's developing countries face.
Subjects: 
industrial policy
industrialization
trade liberalization
macroeconomic stability
economic infrastructure
JEL: 
O25
O53
N65
ISBN: 
978-92-9230-191-0
Document Type: 
Working Paper

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