Building a New Economy: Japan's Digital and Green Transformation by Whittaker, D. Hugh

Building a New Economy: Japan's Digital and Green Transformation (Hardcover) (ISBN-13: 9780198893394)

Vendor: D. Hugh Whittaker
Product type: Books
Format: Hardcover
$115.00
$115.00
$115.00
Subtotal: $115.00
Building a New Economy: Japan's Digital and Green Transformation by Whittaker, D. Hugh

Building a New Economy: Japan's Digital and Green Transformation

$115.00
Building a New Economy: Japan's Digital and Green Transformation by Whittaker, D. Hugh

Building a New Economy: Japan's Digital and Green Transformation

$115.00
Format: Hardcover
Description
Description
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Japan is attempting to build a new economy. It goes by various names, such as 'Society 5.0', 'sustainable capitalism', and 'new form of capitalism'. It is to be constructed through digital and green transformation, and a 'virtuous cycle of growth and distribution'. The effort faces strong headwinds, including demographic decline and ageing, Japan's external energy dependence and geopolitical turbulence, and the legacies of Japan's 'lost decades'. Nonetheless, since 2015 a path has been identified that steers between Big Tech market oligopoly on the one hand, and an overbearing state on the other. For others facing the same post-neoliberal, sustainability transformation challenges as Japan, this public-private coordinated building effort is noteworthy.

Building a New Economy uses an evolutionary conceptual framework of states-and-markets, organizations-and-technology, and institutional change. It shows how the institutional coherence of the manufacturing-centred postwar model broke down, and was followed by the ideological and institutional dissonance of the 'lost decades'. However, new institutional building blocks have been identified and (partially) assembled which could lead Japan towards a new model which is more open and adaptive. These blocks include a reconfigured developmental state, and new forms of coordination with and within the corporate sector, at times encompassing civil society.

Importantly, for a country that has favoured social stability over creative destruction, and has struggled with change, the path forward may require 'controlled dis-equilibrium' of institutions rather than tight coherence. 'Society 5.0' and the 'new form of capitalism' claim to be people-centred; making them so will be the crucial challenge.

Author: D. Hugh Whittaker
ISBN-10: 0198893396
ISBN-13: 9780198893394
Publisher: Oxford University Press, USA
Language: English
Published: 05/22/2024
Pages: 272
Format: Hardcover
Weight: 1.25lbs
Size: 9.00h x 6.00w x 1.00d
By D. Hugh Whittaker
By D. Hugh Whittaker
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D. Hugh Whittaker, Professor in the Economy and Business of Japan, Oxford University

D. Hugh Whittaker is Professor in the Economy and Business of Japan, and Fellow of St Antony's College, University of Oxford. He is the author and co-author of books on Japanese corporate governance, technology and innovation management, employment, small firms, and entrepreneurship. He is also co-author of Compressed Development: Time and Timing in Economic and Social Development (Oxford University Press, 2020).

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