Economic Stagnation in Japan: Exploring the Causes and Remedies of Japanization - Couverture rigide

Couverture rigide

ISBN 10 : 1788110439 ISBN 13 : 9781788110433

Editeur : Edward Elgar Publishing Ltd, 2018

Synopsis

Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term '‘Japanization'’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judicious volume investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.

This book helps to provide a basis for assessing a wide range of policy approaches from which policymakers and governments can choose to avoid economic decline. The expert contributions provide an overview of the pattern of '‘Japanization'’ in a global economic perspective, analyze similarities and differences between the Korean and Japanese economies, and examine policies taken by Japan during the lost decades. From this analysis, the book proposes future policy solutions for countries experiencing ‘'Japanization'’.

Economic stagnation and the relevant policy reactions have been of keen interest around the globe since the global financial crisis and this book will be an invaluable resource for scholars, policymakers, and economic commentators alike.

Contributors include: D. Cho, M. Fukao, K. Ito, T. Ito, D. Jeong, K.-C. Jung, S.T. Kim, Y.G. Kim, K. Kwon, A. Mason, J. Oh, I. Saito, J. Schiff, I. Song

A propos du livre

À propos de l?auteur

Edited by Dongchul Cho, Member of the Monetary Policy Board, The Bank of Korea and former Chief Economist, Korea Development Institute, the late Takatoshi Ito, formerly Professor in the School of International and Public Affairs, Columbia University and Andrew Mason, Professor Emeritus of Economics, University of Hawaii at Manoa and Adjunct Senior Fellow, East-West Center, Hawaii, US

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1788110439
• ISBN 13: 9781788110433
• Reliure: Relié
• Nombre de pages: 352
• Éditeur: Cho Dongchul, Ito Takatoshi, Mason Andrew
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible