IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-21284-2_5.html
   My bibliography  Save this book chapter

Heavy Industrial Giants: Steel, Machine Tools, and Automobiles

In: Japanese Industrial Targeting

Author

Listed:
  • William R. Nester

    (St John’s University)

Abstract

Japan is the world’s leading producer of steel, machine-tools, and automobiles. By the early 1950s, Tokyo had targeted all three for development as strategic industries, and over the next four decades nurtured them with a range of subsidies, cartels, technology infusions, cheap loans, import barriers, and export incentives. None of these industries would have survived had they been exposed to free-market forces — American and European producers held a comparative advantage in all three industries up through the mid-1960s and would have wiped out their struggling Japanese rivals. However, the success of these industrial policies varied widely, with those targeting steel and automobiles being remarkable successes while those promoting the machine-tool industry had a limited effect — machine-tools is one of Japan’s few industries whose success depended as much on entrepreneurship as cartels, government handouts, and import barriers.

Suggested Citation

  • William R. Nester, 1991. "Heavy Industrial Giants: Steel, Machine Tools, and Automobiles," Palgrave Macmillan Books, in: Japanese Industrial Targeting, chapter 4, pages 79-118, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21284-2_5
    DOI: 10.1007/978-1-349-21284-2_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-21284-2_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.