Japanese Industrial Targeting The Neomercantilist Path to Economic Superpower [Paperback]

Japan achieved it's present economic position by rejecting free trade theory and instead mastering neomercantilist policies which target strategic industries for development with a range of government sponsored cartels, subsidies, import barriers and export incentives. These policies stimulated an economic growth rate which averaged ten percent before 1973, and five percent since, rates four and two times greater than America's during the same periods. This book analyzes the policy making process, implementation, successes, occasional shortcomings, and challenges posed by Tokyo's neomercantilist policies toward its trade rivals.Introduction - Neoclassical Versus Neomercantilist Economics: Theory and Reality - Japanese Neomercantilism: Continuities and Changes - For Their Money and Votes: Farmers, Distributors and Builders - The Backbone of Heavy Industry: Steel, Shipbuilding, Machine Tools and Automobiles - Fueling Industrial Superpower: Energy, Raw Materials and Comprehensive Security - From Technological 'Catch-Up' to 'Leap-Frog': Computers, Semiconductors and Telecommunications - Banker to the World: Managing Oceans of Cash, Stocks and Bonds - Notes - IndexWilliam Nester is the author of more than thirty books on international relations, military history, and the nature of power. He is a Professor in the Department of Government and Politics at St. John s University in New York, USA.