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The Japanese model in retrospective: industrial strategies, corporate Japan and the ‘hollowing out’ of Japanese industry

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  • Keith Cowling
  • Philip Tomlinson

Abstract

This article provides a retrospective look at the Japanese model of industrial development. This model combined an institutional approach to production based around the Japanese Firm (Aoki's, J-mode) and strategic state intervention in industry by the Japanese Ministry of International Trade and Industry (MITI). For a long period, the alignment of state and corporate interests appeared to match the wider public interest as the Japanese economy prospered. However, since the early 1990s, the global ambitions of the corporate sector have contributed to a significant ‘hollowing out’ of Japan's industrial base. As the world today looks for a new direction in economic management, we suggest the Japanese model provides policy-makers with a salutary lesson in tying the wider public interest with those of the corporate sector.

Suggested Citation

  • Keith Cowling & Philip Tomlinson, 2011. "The Japanese model in retrospective: industrial strategies, corporate Japan and the ‘hollowing out’ of Japanese industry," Policy Studies, Taylor & Francis Journals, vol. 32(6), pages 569-583.
  • Handle: RePEc:taf:cposxx:v:32:y:2011:i:6:p:569-583
    DOI: 10.1080/01442872.2011.601208
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    Cited by:

    1. David Guerrero & Hidekazu Itoh & Guanie Lim & Petronille Harnay & Guillaume Corre, 2023. "Supplier networks at the integrated peripheries of the automobile industry: the case of keiretsu suppliers in Thailand," Post-Print hal-04166229, HAL.
    2. Xingyu Lu & Tong Qi & Wenjing Xie, 2023. "Earnings Management of Chinese Listed Multinational Corporations," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(6), pages 179-206, November.

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