Japan's Quest for Renewal
Presses Universitaires de France
Ever since the mid-nineteenth century, Japan’s economic development has taken place against a particular socio-economic backdrop: the production of wealth was for the greater good of the collective, while the mobilization of the workforce was geared towards an optimum productivity. Denise Flouzat examines the course of Japanese modern economic history in view of this unique set of circumstances, observing its ups and downs and eventual bottoming-out. From there Flouzat’s primary preoccupation is with the next phase in Japan’s tumultuous economic ride: will we have a new Argentina, or another miraculous rebound? One thing is certain, economic reforms are needed, and as tough as they will be to impose, the author shows how over time the Japanese people are resilient enough to withstand them.
Denise Flouzat : Denise Flouzat-Osmont D’Amilly is a former member of the Banque de France’s council on monetary policy, and is a member of the Banque de France research institute on monetary policy. A specialist on the Japanese economy, she is also the author of La Nouvelle emergence de l’Asie (P.U.F., 1999).