Abstract
During the long global recession of the 1970s and 1980s, Japan’s high productivity growth rate enabled it to launch a huge export offensive and become an economic superpower. Yet after going from a period of high growth (the 1950s and 1960s) to a period of real economic power (1970s and 1980s), Japan underwent drastic change during the so-called lost decades beginning in the 1990s. During the past 30 years, Japanese capitalism has experienced a humiliating reversal of fortunes from industrial winner to economic failure. It is no exaggeration to say that Japanese capitalism stands poised at one of the most important crossroads in its history.
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Yamada, T. (2018). Postwar Japanese Capitalism and Companyist Régulation. In: Contemporary Capitalism and Civil Society. Evolutionary Economics and Social Complexity Science, vol 14. Springer, Singapore. https://doi.org/10.1007/978-981-13-0517-7_5
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