Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle
Cart
Register Sign in Wishlist
Changing Japanese Capitalism

Changing Japanese Capitalism
Societal Coordination and Institutional Adjustment

$129.00 (C)

  • Date Published: January 2007
  • availability: In stock
  • format: Hardback
  • isbn: 9780521868600

$129.00 (C)
Hardback

Add to cart Add to wishlist

Other available formats:
Paperback, eBook


Looking for an examination copy?

This title is not currently available for examination. However, if you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.

Description
Product filter button
Description
Contents
Resources
About the Authors
  • Economic crisis tends to spur change in the 'rules of the game' - the 'institutions' - that govern the economic activity of firms and employees. But after more than a decade of economic pain following the burst of the Japanese Bubble Economy of the 1980s, the core institutions of Japanese capitalism have changed remarkably little. In this systematic and holistic assessment of continuity and change in the central components of Japanese capitalism, Michael A. Witt links this relatively slow rate of institutional change to a confluence of two factors: high levels of societal co-ordination in the Japanese political economy, and low levels of deviant behavior at the level of individuals, firms, and organizations. He identifies social networks permeating Japanese business as a key enabler of societal co-ordination and an obstacle to deviancy, and sheds light on a pervasive but previously under explored type of business networks, intra-industry loops. Includes a Foreword by Gordon Redding.

    • An important contribution to the debate about how much Japan has changed since 1990, with a foreword from Gordon Redding, Director of the Euro-Asia and Comparative Research Centre, INSEAD
    • Provides a clear understanding of social networking activities within Japanese industries
    • Arguments are backed with cross-sectional data from 20 countries
    Read more

    Reviews & endorsements

    “Witt’s focus on intra-industry loops is welcome because, while they are common to many sectors of the economy, they have thus far eluded systematic study. His book explores the composition and the functioning of these loops and demonstrates that the government plays a leading role in founding and fostering these networks in burgeoning industries through the creation of public research and development consortia. He further finds that networking intensity varies according to the demand of member firms for coordination, and that social networks and social capital may represent an obstacle to institutional adjustment. These networks, he suggests, discourage institutional innovation by stabilizing extant ones and contribute to slower institutional adjustment by facilitating coordination. Witt expands upon this thesis by claiming that Japan’s institutional adjustment has been retarded by a combination of coordinated, time-intensive adjustment processes paired with relatively limited adjustment pressure at the microeconomic level. Finally, he stresses the lingering perception that micro-level action that deviates from social norms is regarded as illegitimate behavior. Interestingly, this has been underscored by recent news reports on Japanese whistle-blowers, who are typically ostracized in spite of their defense of public safety, sanitation, or finances (New York Times, June 7, 2008).”
    -Jeffrey W. Alexander, University of Wisconsin-Parkside, The Journal of Asian Studies

    “Michael Witt has made here an excellent contribution to our understanding of Japanese capitalism, by focussing on societal coordination and institutional adjustment. Witt's initiative is to draw attention to what he has defined as 'intra-industry loops', a phenomenon taken for granted in Japan as natural or commonplace. Thanks to Witt's assessment, we can begin to see reasons for Japan's slow pace of change, and also how its economic circumstances are related to critical issues of institutional reform and capitalist diversity.”
    Professor Harukiyo Hasegawa, Doshisha Business School, Kyoto

    “While the distinctiveness of Japanese social networks in business is well documented, this book offers new insights into the processes at work in networking, focusing specifically on the importance of intra-industry loops….The book is crisply written, well organized and informative and wouldappeal to a wide range of readers. Other than the obvious group of specialists in Japanese business, this list would include those interested in social networks, particularly from a comparative perspective, and MBA students….this book offers us new evidence and intelligent analysis on Japan’s slow rate of institutional change and the role that social networks play in deferring that process.”
    Jane Nolan, University of Cambridge

    "A well-researched, systematic exposition."
    Asian Business & Management Michael Lynskey, Komazawa University

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: January 2007
    • format: Hardback
    • isbn: 9780521868600
    • length: 240 pages
    • dimensions: 235 x 160 x 18 mm
    • weight: 0.527kg
    • availability: In stock
  • Table of Contents

    Figures
    Tables
    Acknowledgements
    1. Introduction
    2. Continuity and change in the Japanese business system
    3. Coordination and institutional adjustment
    4. Coordinating networks in the Japanese business system
    5. Intra-industry loop networking
    6. R&D consortia and intra-industry loops in new industries
    7. Conclusion
    Appendix
    References
    Index.

  • general resources

    View all resources
    Group Section Name Type Size Sort Order filter vars
    General ResourcesForewordpdf14KB0 general resources general resources general resourcesgeneral resources

    These resources are provided free of charge by Cambridge University Press with permission of the author of the corresponding work, but are subject to copyright. You are permitted to view, print and download these resources for your own personal use only, provided any copyright lines on the resources are not removed or altered in any way. Any other use, including but not limited to distribution of the resources in modified form, or via electronic or other media, is strictly prohibited unless you have permission from the author of the corresponding work and provided you give appropriate acknowledgement of the source.

    If you are having problems accessing these resources please email cflack@cambridge.org

  • Author

    Michael A. Witt, INSEAD, Fontainebleau, France

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

You are now leaving the Cambridge University Press website, your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Find content that relates to you

Join us online

© Cambridge University Press 2014

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×