SOC298H1 Lecture Notes - Lecture 5: Japan Business Federation, Development Bank Of Japan, Price Controls
Document Summary
Last week: the ascendance of neoliberal globalization and asia. Today: post wwii expectations, was not met, many countries expected to develop did not develop, asian exceptionalism: economic growth against under-development, state-market relations: the role of the state. Japan: 2nd largest economy until late 80s. Income gap was not significant: reality now is very different with neoliberal organization. Trends: state intervention into the market have changed with neoliberalization and deregulation. Instruments states used to promote growth are different. Japan: chalmers johnson, mity and the japanese miracle (1982, miti = ministry of independent trade and industry. East asian miracle: similar story in south korea and taiwan, nationalism played a large role in developing the economy, economic development = instrument to show they are not a lesser but can be an equal member. And cepd (council of economic development taiwan: epb and cepd no longer, formulating public policy: 5 year development plan.
