Publisher's Synopsis
With the highest growth rate, the highest savings rate, and the highest level of productivity increases in the industrialized world, Japan exerts significant influence on worldwide economic events and activities. This volume, written from the perspective of an international economist, presents an objective, analytical look at the global market connections of the Japanese economy. The author examines such issues as Japanese export and import patterns, trade barriers facing Japanese exports and imports, the changing productive capacity of Japan, and foreign investment in and by Japan in order to offer a clearer picture of Japan's role in the world economy. The impact of Japanese developments in such areas as technology, trade policy, and finance on the United States and other key international markets and the effects in Japan of global developments in these areas also receive thorough coverage.
Turner argues that the key to Japan's strength as an international economic power lies in what he terms dynamic efficiency--Japan's ability to make effective use of its internal domestic resources to leverage itself into the global marketplace. In fact, Turner asserts, much of Japan's success derives from its ability to apply the concepts and strategies that enabled the country to rebuild its economy during the postwar era to its current business dealings worldwide. Each chapter describes and analyzes a particular aspect of the Japanese economy; the issues addressed range from global trade and investment to macroeconomic effects of Japan on the global economy to Japan's relationship with less developed countries. An ideal supplemental text for courses in international business, the book will also be an invaluable resource for investors and business executives with dealings in Japan.
