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Comparative Study on Capitalism in Japan and America : Formation of Business Group

Fan, Yalu (2006)
Centre for East and South-East Asian Studies, Lund University
Abstract
Japanese model was viewed as an exemplary capitalism model of successful long-term economic growth. However, after 1990s, Japanese ?bubble economy? burst and Japan turned into the phase of economy winter. Under the new international conditions, the Anglo-American model seems more suitable for globalization and liberalized market, whereas the Japanese model was becoming more problematic and the feature which made Japanese model of capitalism had a glary history before 1990s seemed no longer suitable for the new international environment. The aim of this paper is to discuss the formation process of business group in America and Japan and then from the feature of each country's business group to see the factors which determine its feature. By... (More)
Japanese model was viewed as an exemplary capitalism model of successful long-term economic growth. However, after 1990s, Japanese ?bubble economy? burst and Japan turned into the phase of economy winter. Under the new international conditions, the Anglo-American model seems more suitable for globalization and liberalized market, whereas the Japanese model was becoming more problematic and the feature which made Japanese model of capitalism had a glary history before 1990s seemed no longer suitable for the new international environment. The aim of this paper is to discuss the formation process of business group in America and Japan and then from the feature of each country's business group to see the factors which determine its feature. By discussing the historical analysis on the process of being business group in America and Japan, it can be clearly pointed out that no matter what is the role of market or state in the process of the business group formation, the determinant is not only those two. Institution and policy instruments are also the determents and influence with type of capitalism role each country is heading. (Less)
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author
Fan, Yalu
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
business group, Japanese model, American model, institution, capitalism, Social sciences, Samhällsvetenskaper
language
English
id
1327541
date added to LUP
2006-08-15
date last changed
2006-08-15
@misc{1327541,
  abstract     = {Japanese model was viewed as an exemplary capitalism model of successful long-term economic growth. However, after 1990s, Japanese ?bubble economy? burst and Japan turned into the phase of economy winter. Under the new international conditions, the Anglo-American model seems more suitable for globalization and liberalized market, whereas the Japanese model was becoming more problematic and the feature which made Japanese model of capitalism had a glary history before 1990s seemed no longer suitable for the new international environment. The aim of this paper is to discuss the formation process of business group in America and Japan and then from the feature of each country's business group to see the factors which determine its feature. By discussing the historical analysis on the process of being business group in America and Japan, it can be clearly pointed out that no matter what is the role of market or state in the process of the business group formation, the determinant is not only those two. Institution and policy instruments are also the determents and influence with type of capitalism role each country is heading.},
  author       = {Fan, Yalu},
  keyword      = {business group,Japanese model,American model,institution,capitalism,Social sciences,Samhällsvetenskaper},
  language     = {eng},
  note         = {Student Paper},
  title        = {Comparative Study on Capitalism in Japan and America : Formation of Business Group},
  year         = {2006},
}