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April 5, 2017 | Economic Policy | By admin | 0 Comments

By Bai Gao

Throughout the nice melancholy and international conflict II, the ideology of developmentalism--characterized by means of a nationalistic viewpoint, a creation orientation, and a strategic view of the economic system, together with restraint of industry festival and rejection of the revenue principle--emerged and strongly inspired coverage innovation in Japan and institutional reforms in its economic system. Liberal capitalism within the postwar period eradicated the army nature of the japanese economic system, and compelled developmentalism to conform to democratic political associations and the unfastened alternate regime.

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Additional info for Economic Ideology and Japanese Industrial Policy: Developmentalism from 1931 to 1965

Example text

In this sense, as Murakami (1992:6) pointed out, Japanese developmentalism is an extension of mercantilism and of the German historical school. Japanese developmentalism regards the nation-state as the basic unit of the political economy; this view often places certain constraints on parliamentary democracy. " The nation-state as the unit of analysis The unit of analysis in Japanese economic ideology was the nationstate, and methodological individualism was rejected in Japanese developmentalism.

Issues in industrial policy such as national security and promotion of international competitiveness cannot be considered without the precondition of the coexistence of sovereign states" (1966:17). Chalmers Johnson reminded us of this trait of Japanese industrial policy in the early Ideology of Japanese developmentalism 41 1980s. " Although the nationalistic dimension of Japanese industrial policy received little attention in the 1980s, it began to receive great attention in the 1990s and has generated a number of important studies.

By emphasizing policy paradigm, we can discover how Japanese developmentalism differs from its Anglo-Saxon counterparts, not only institutionally but also intellectually. This intellectual difference, I contend, is more fundamental: Ideas may not always materialize into policies, and not every policy can be explained by policy paradigms. Nevertheless, they always supply the theoretical foundation and the major dynamics for every policy innovation and institutional development. For these reasons, I emphasize those general principles that have inspired and guided Japanese industrial policy, at the risk of neglecting detailed variations among individual policies.

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