Advertisement

Democracy and Economic Growth: The Japanese Experience

Chapter
  • 181 Downloads
Part of the International Economic Association Series book series (IEA)

Abstract

To tackle the subject of democracy and development, I use an empirical case studies approach, rather than the usual philosophical or axiomatic approach, which logically derives elements of development or deterioration from the assumed set of axioms which defines democracy. I have taken Japan after the Meiji Revolution of 1867–8 as an example, and observe her strong development, both economic and cultural, in the period up to her surrender to the Allied Forces in the Second World War as well as in the post-war period. I shall also observe that the polity and the economic structure which made this development possible was neither purely democratic nor purely undemocratic but a hybrid that was democratic in some aspects and undemocratic in others.

Keywords

Central Bank Liberal Democratic Party Main Bank Parliamentary Democracy Bank Note 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Ando, Y. (ed.) (1975) Kindai Nihon Keizaishi Yoran (Survey of Modem Economic History of Japan) (Tokyo: University of Tokyo Press) pp. 74, 101, 118.Google Scholar
  2. Beasley, W. G. (1972) The Meiji Restoration (Stanford, Ca.: Stanford University Press) p. 323.Google Scholar
  3. Kita, I. (1919) An Outline Plan for the Reconstruction of Japan in Gendai-shi Shiryo (Materials for Contemporary History) (Tokyo: Misuzu Publisher) vol. 5, part 1, pp. 3–40 (in Japanese).Google Scholar
  4. Morishima, M. (1982) Why has Japan’ succeeded’? (Cambridge: Cambridge University Press) pp. 23–7.CrossRefGoogle Scholar
  5. Nihon Keizai Tokei (1961) (Japanese Economic Statistics) edited by the Institute of Economic Research, Hitotsubashi University (Tokyo: Iwanami Publishers) p. 60.Google Scholar
  6. Okumura, H. (1988) Nihon no Kabushiki Shijo (The Stock Market of Japan) (Tokyo: Daiyamondosha).Google Scholar
  7. Weber, M. (1978) Economy and Society, Roth, G. and Wittich, C. (eds) (Berkeley, Ca.: University of California Press) vol. 1, p. 225.Google Scholar
  8. Cumings, B. (1990) Origins of the Korean War, vol. 2 (Princeton, New Jersey; Princeton University Press).Google Scholar
  9. Dahl, R. (1989) Democracy and its Critics (New Haven, Connecticut: Yale University Press).Google Scholar
  10. Macpherson, C. B. (1973) Democratic Theory: Essays in Retrieval (New York: Oxford University Press) pp. 3–8; 78–90.Google Scholar
  11. Rueschemeyer, D., Stephens, E. H. and Stephens, J. D. (1992) Capitalist Development and Democracy (Chicago: University of Chicago Press).Google Scholar
  12. Woo, J.-En (1991) Race to the Swift: State and Finance in the Industrialization of Korea (New York: Columbia University Press).Google Scholar

Copyright information

© International Economic Association 1995

Authors and Affiliations

  1. 1.London School of Economics and Political ScienceUK
  2. 2.University of ChicagoIllinoisUSA

Personalised recommendations