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Stimulating R&D: an analysis of the Ministry of International Trade and Industry's ‘visions’ and the current challenges facing Japan's technology policy-making mechanisms

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  • Koji Wakabayashi
  • Charla Griffy-Brown
  • Chihiro Watanabe

Abstract

A critical policy-making tool in Japan's economic growth has been strong government-driven ‘visions’ of technological economic development, formulated through joint work and open discussion with representatives and experts from a broad spectrum. Amidst the current economic uncertainty, Japan faces challenges in applying this policy vehicle. This paper analyses the mechanisms behind Japan's ‘visions’ in its industrial technology policy over the last four decades. Current challenges and policy responses to stimulate R&D are examined and the Ministry of International Trade and Industry's new role and approach to shaping the future is explored. Implications for future R&D policy are discussed in the light of the process of creating ‘visions’. Copyright , Beech Tree Publishing.

Suggested Citation

  • Koji Wakabayashi & Charla Griffy-Brown & Chihiro Watanabe, 1999. "Stimulating R&D: an analysis of the Ministry of International Trade and Industry's ‘visions’ and the current challenges facing Japan's technology policy-making mechanisms," Science and Public Policy, Oxford University Press, vol. 26(1), pages 2-16, February.
    • Handle: RePEc:oup:scippl:v:26:y:1999:i:1:p:2-16
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    File URL: http://hdl.handle.net/10.3152/147154399781782644
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