Franklin

Asia's Flying Geese : How Regionalization Shapes Japan / Walter F. Hatch.

Author/Creator:
Hatch, Walter F., author.
Publication:
Ithaca, NY : Cornell University Press, [2016]
Series:
Cornell studies in political economy.
Cornell Studies in Political Economy
Format/Description:
Book
1 online resource (304 p.)
Subjects:
Manufacturing industries -- Japan.
Elite (Social sciences) -- Japan.
Regionalism -- Economic aspects -- Japan.
Business networks -- Japan.
Japan -- Economic policy -- 1945-
Form/Genre:
Electronic books.
Language:
English
Summary:
In Asia's Flying Geese, Walter F. Hatch tackles the puzzle of Japan's paradoxically slow change during the economic crisis it faced in the 1990's. Why didn't the purportedly unstoppable pressures of globalization force a rapid and radical shift in Japan's business model? In a book with lessons for the larger debate about globalization and its impact on national economies, Hatch shows how Japanese political and economic elites delayed-but could not in the end forestall-the transformation of their distinctive brand of capitalism by trying to extend it to the rest of Asia. For most of the 1990's, the region grew rapidly as an increasingly integrated but hierarchical group of economies. Japanese diplomats and economists came to call them "flying geese." The "lead goose" or most developed economy, Japan, supplied the capital, technology, and even developmental norms to second-tier "geese" such as Singapore and South Korea, which themselves traded with Thailand, Malaysia, and the Philippines, and so on down the V-shaped line to Indonesia and coastal China. Japan's model of capitalism, which Hatch calls "relationalism," was thus fortified, even as it became increasingly outdated. Japanese elites enjoyed enormous benefits from their leadership in the region as long as the flock found ready markets for their products in the West. The decade following the collapse of Japan's real estate and stock markets would, however, see two developments that ultimately eroded the country's economic dominance. The Asian economic crisis in the late 1990's destabilized many of the surrounding economies upon which Japan had in some measure depended, and the People's Republic of China gained new prominence on the global scene as an economic dynamo. These changes, Hatch concludes, have forced real transformation in Japan's corporate governance, its domestic politics, and in its ongoing relations with its neighbors.
Contents:
Front matter
Contents
Acknowledgments
Introduction: External Sources of Continuity and Change
Part One BASELINE
1. Social Networks and the Power They Produce
2. The Postwar Political Economy of Japan
3. Leading a Flock of Geese
Part Two THE 1990's
4. Maintaining the Relational Status Quo
5. Elite Regionalization and the Protective Buffer
6. The Costs of Continuity
Part Three THE NEW MILLENNIUM
7. Grounding Asia's Flying Geese
8. Some Change . . . at Last
Conclusion: Beyond Asia
References
Index
Notes:
Description based upon print version of record.
Includes bibliographical references and index.
Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)
ISBN:
0-8014-5872-2
OCLC:
726824285
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