Download or read book Japanese Resistance to American Financial Hegemony written by Fumihito Gotoh and published by Routledge. This book was released on 2019-10-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates why the convergence of Japan’s bank-centered financial system to an American-style capital market-based model has lost steam since the mid-2000s, despite financial deregulation during the 1980s and 1990s. Examining the ideational conflict within Japanese elites between the market liberalization and anti-free market camps, it scrutinizes the American and Japanese credit rating agencies operating in Tokyo and explores the differences between the two major industrial associations, Keidanren and Doyukai, which have played a key role as "ideational platforms" for Japanese corporate society. The book emphasizes the concept of "systemic support", whose broadened definition incorporates dominant elites’ support and protection of subordinates in exchange for the latter’s obedience and loyalty. It argues that Japanese society’s anti-liberal, anti-free market norms centered on systemic support are a form of counter-hegemony, and this has resisted American financial hegemony, promoting international capital mobility and capital markets, and prevented capitalist dominance from severing long-term social ties such as management-labor cooperation and corporate group alliances. Yet this resistance has generated growing problems for Japan. With a focus on social norms, bureaucracy, credit rating agencies, industrial associations and corporate governance, this book will provide useful insights for scholars and students of international political economy, sociology, cultural studies, and business studies.

Download or read book Moral Hazard written by Juan Flores Zendejas and published by Routledge. This book was released on 2021-12-30 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guarantee system. It is fundamentally driven by information asymmetry, arises in all sectors of the economy, including banking, medical insurance, financial insurance, and governmental support, undermines the stability of our economic systems and has burdened taxpayers in all developed countries, resulting in significant costs to the community. Despite the seriousness and pervasiveness of moral hazard, policymakers and scholars have failed to address this issue. This book fills this gap. It covers 200 years of moral hazard: from its origins in the 19th century to the bailouts announced in the aftermath of the COVID-19 outbreak. The book is divided into three parts. Part I deals with the ethics and other fundamental issues connected to moral hazard. Part II provides historical and empirical evidence on moral hazard in international finance. It examines in turn the role of the export credit industry, the international lender of last resort, and the IMF. Finally, Part III examines specific sectors such as automobile, banking, and the US industry at large. This is the first book to provide an interdisciplinary analysis of moral hazard and explain why addressing this issue has become crucial today. As such, it will attract interest from scholars across different fields, including economists, political scientists and lawyers.

Download or read book Adopting and Adapting Innovation in Japan s Digital Transformation written by Anshuman Khare and published by Springer Nature. This book was released on 2023-05-23 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how the business transformation taking place in Japan is influenced by the digital revolution. The chapters present approaches and examples from sectors commonly understood to be visible arenas of digital transformation—3D printing and mobility, for instance—as well as some from not-so-obvious sectors, such as retail, services, and fintech. Business today is facing unprecedented change especially due to the adoption of new, digital technologies, with a noticeable transformation of manufacturing and services. The changes have been brought by advanced robotics, the emergence of artificial intelligence, and digital networks that are growing in size and capability as the number of connected devices explodes. In addition, there are advanced manufacturing and collaborative connected platforms, including machine-to-machine communications. Adoption of digital technology has caused process disruptions in both the manufacturing and services sectors and led to new business models and new products. While examining the preparedness of the Japanese economy to embrace these changes, the book explores the impact of digitally influenced changes on some selected sectors from a Japanese perspective. It paints a big picture in explaining how a previously manufacturing-centric, successful economy adopts change to retain and rebuild success in the global environment. Japan as a whole is embracing, yet also avoiding—innovating but also restricting—various forms of digitalization of life and work. The book, with its 12 chapters, is a collaborative effort of individuals contributing diverse points of view as technologists, academics, and managers.

Download or read book Japan s Secular Stagnation and Beyond written by Radhika Desai and published by Taylor & Francis. This book was released on 2023-05-08 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book re-visits the phenomenon of Japanese secular stagnation in light of the fate of the North Atlantic and developing economies and places it in a longer historical political and geopolitical economy of capitalism from a variety of political and disciplinary perspectives. Japanese capitalism, which was once an admired model of miraculous growth with a relatively egalitarian distribution of income, fell into secular stagnation in the early 1990s. The phenomenon has since fascinated observers, provoked debates, provided policy advocates with grist for the mills of a range of policy proposals, some of them mutually contradictory, and, most importantly, burdened an entire population, and particularly its young. Japan’s secular stagnation has raised new questions about policy difficulties on a range of fronts – dramatically lowered growth rate despite comparatively high investment, deteriorating labor conditions, rising class and gender inequality, a profound and many-faceted crisis of social reproduction and a deepening fiscal crisis of the state – all of which have important international ramifications. Moreover, interest in and the importance of Japan’s secular stagnation grew rapidly after 2008 as many have sought to understand the economic malaise of the North Atlantic by analogy and comparison with all or parts of the Japanese condition. The introduction and chapters in this book attempt to understand the causes, character and consequence of that original affliction. They also reflect on the meaning of Japan’s secular stagnation at this stage of development capitalism. The result contains the key to understanding the more widespread economic malaise of our time. This book will be a beneficial read for researchers and scholars of Economics and Politics interested in Japanese Studies as well as the Japanese political economy. Most of the chapters in this book were originally published as a special issue of The Japanese Political Economy. The last chapter was originally published in the Journal of Contemporary Asia.

Download or read book The Future of Multilateralism and Globalization in the Age of the U S China Rivalry written by Norbert Gaillard and published by Taylor & Francis. This book was released on 2023-10-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the growing consensus that the rise of China is transforming international relations, policy makers and scholars have not sufficiently addressed the geopolitical and geoeconomic implications of a new paradigm, especially since the Covid-19 pandemic and the Russo-Ukrainian war. This book fills this gap. This is an original and innovative book that investigates how a new modus vivendi between China and the United States in a post-globalized world requires more economic independence because of the distrust between G20 economies but heightened international cooperation, in order to avert a shift to nationalism and protectionism and to fight financial and climate crises. The book is divided into four parts. Part I investigates the specific features of Chinese and U.S. capitalisms; Part II argues that several flaws observed in the multilateral architecture since the early 2000s have caused global imbalances and increased misunderstanding and mistrust between the two superpowers; Part III analyzes how the China-U.S. rivalry has manifested in Asia, Latin America, and in terms of global development finance and finally, Part IV provides a blueprint for a successful and revamped international order. The book provides an ambitious interdisciplinary analysis of the future of multilateralism and globalization with contributions from economists, lawyers, and political scientists. Due to its multidisciplinary approach, the book will attract the interest of scholars and postgraduate students from wide ranging fields, as well as practitioners working in international organizations, policy makers and more generally educated lay readers interested in the topic.

Download or read book Building a New Economy written by D Hugh Whittaker and published by Oxford University Press. This book was released on 2024-08-31 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building a New Economy uses an evolutionary conceptual framework of states-and-markets, organizations-and-technology, and institutional change. It shows how the institutional coherence of the manufacturing-centred postwar model broke down, and was followed by the ideological and institutional dissonance of the 'lost decades'.

Download or read book Money Power and Financial Capital in Emerging Markets written by Ilias Alami and published by Routledge. This book was released on 2019-12-09 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.

Download or read book The Exclusionary Politics of Digital Financial Inclusion written by Serena Natile and published by Routledge. This book was released on 2020-01-20 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on Kenya’s path-breaking mobile money project M-Pesa, this book examines and critiques the narratives and institutions of digital financial inclusion as a development strategy for gender equality, arguing for a politics of redistribution to guide future digital financial inclusion projects. One of the most-discussed digital financial inclusion projects, M-Pesa facilitates the transfer of money and access to formal financial services via the mobile phone infrastructure and has grown at a phenomenal rate since its launch in 2007 to reach about 80 per cent of the Kenyan population. Through a socio-legal enquiry drawing on feminist political economy, law and development scholarship and postcolonial feminist debate, this book unravels the narratives and institutional arrangements that frame M-Pesa’s success while interrogating the relationship between digital financial inclusion and gender equality in development discourse. Natile argues that M-Pesa is premised on and regulated according to a logic of opportunity rather than a politics of redistribution, favouring the expansion of the mobile money market in preference to contributing to substantive gender equality via a redistribution of the revenue and funding deriving from its development. This book will be of particular interest to scholars and students in Global Political Economy, Socio-Legal Studies, Gender Studies, Law & Development, Finance and International Relations.

Download or read book Comparative Political Economy written by Ben Clift and published by Bloomsbury Publishing. This book was released on 2021-02-02 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about how 21st-century capitalism really works. Modern economics strips away social, historical, and political context from analysis of 'the economic', but the economy is far too important to leave exclusively to the economists. Comparative Political Economy (CPE) is a much broader, richer intellectual undertaking which 're-embeds' the analysis of the economic within the social and political realm. This is at the heart of how to think like a political economist. This text maps the terrain and evolution of CPE, providing the analytical tools to explore the many variants of capitalism, unearthing their roots in competing visions of the desirable distribution of the fruits of growth. Connecting CPE systematically to the subfield of International Political Economy (IPE), the book explains how these visions generate ongoing political struggles over how to regulate and manage capitalism. This is the perfect introduction to the field for all students of CPE and IPE. New to this Edition: - Fully revised and updated throughout to take into account the latest empirical and theoretical developments in this fast-moving field - A brand New chapter on the political economy of inequality, populism, Trump & Brexit - New expanded 'how to use this book' aimed at student readers - More coverage of the types of economies covered, to move from an exclusively Western focus to cover developing and emerging global economies

Download or read book State permeated Capitalism in Large Emerging Economies written by Andreas Nölke and published by Routledge. This book was released on 2019-08-30 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book systematically analyzes the economic dynamics of large emerging economies from an extended Comparative Capitalisms perspective. Coining the phrase ‘state-permeated capitalism’, the authors shift the focus of research from economic policy alone, towards the real world of corporate and state behaviour. On the basis of four empirical case studies (Brazil, India, China, South Africa), the main drivers for robust economic growth in these countries from the 2000s until the 2010s are revealed. These are found, in particular, in mutual institutional compatibilities of ‘state-permeated capitalism’, in their large domestic markets, and beneficial global economic constellations. Differences in their institutional arrangements are explored to explain why China and India have been more economically successful than Brazil and South Africa. The authors highlight substantial challenges for the stability of state-permeated capitalism and assess the potential future growth, sustainability and likely pitfalls for these large emerging economies. Opening further avenues for empirical and theoretical research, this book raises questions for the future of the global economic order and should appeal to academics, graduate students and advanced undergraduates in politics, economics, economic sociology and development studies. It should also prove a worthwhile and provocative read for development practitioners and policy-makers.

Download or read book Forbidden Bookshelf s Resistance in America Collection written by Nancy Howell Lee and published by Open Road Media. This book was released on 2017-06-13 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: From creeping capitalism to abortion to government corruption, these three books shed light on controversial topics that are too often left in the dark. Curated by NYU professor Mark Crispin Miller, the Forbidden Bookshelf series resurrects books from America’s repressed history. All touching on bold and debated topics, these three books are more relevant today than ever. Friendly Fascism: Bertram Gross, a presidential adviser in the New Deal era, explores the insidious way that capitalist politics could subvert America’s constitutional democracy. First published over three decades ago, this book predicted the threats and realities that occur when big business and big government become bedfellows, while demonstrating how US citizens can build a truer democracy. The Search for an Abortionist: Nancy Howell Lee’s eye-opening account reveals the dangerous and illegal options for women seeking an abortion before Roe v. Wade. Based on interviews with 114 women, this groundbreaking work takes an intimate look at the abortion process. Dallas ’63: Peter Dale Scott exposes the deep state, an intricate network within the American government, linking Wall Street influence, corrupt bureaucracy, and the military-industrial complex. Since World War II, its power has grown unchecked, and nowhere has it been more apparent than at Dealey Plaza on November 22, 1963. Scott details the CIA and FBI’s involvement in the JFK assassination, and shows how events like Watergate, the Iran–Contra affair, and 9/11 are all connected to this behind-the-scenes web of corruption.

Download or read book The Philosophy of Japanese Wartime Resistance written by David Williams and published by Routledge. This book was released on 2014-04-16 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transcripts of the three Kyoto School roundtable discussions of the theme of ‘the standpoint of world history and Japan’ may now be judged to form the key source text of responsible Pacific War revisionism. Published in the pages of Chuo Koron, the influential magazine of enlightened elite Japanese opinion during the twelve months after Pearl Harbor, these subversive discussions involved four of the finest minds of the second generation of the Kyoto School of philosophy. Tainted by controversy and shrouded in conspiratorial mystery, these transcripts were never republished in Japan after the war, and they have never been translated into English except in selective and often highly biased form. David Williams has now produced the first objective, balanced and close interpretative reading of these three discussions in their entirety since 1943. This version of the wartime Kyoto School transcripts is neither a translation nor a paraphrase but a fuller rendering in reader-friendly English that is convincingly faithful to the spirit of the original texts. The result is a masterpiece of interpretation and inter-cultural understanding between the Confucian East and the liberal West. Seventy years after Tojo came to power, these documents of the Japanese resistance to his wartime government and policies exercise a unique claim on students of Japanese history and thought today because of their unrivalled revelatory potential within the vast literature on the Pacific War. The Philosophy of Japanese Wartime Resistance may therefore stand as the most trenchant analysis of the political, philosophic and legal foundations of the place of the Pacific War in modern Japanese history yet to appear in any language.

Download or read book American Hegemony after the Great Recession written by Brandon Tozzo and published by Palgrave Macmillan. This book was released on 2017-10-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces America's rise as a hegemon of the capitalist system, arguing that the greatest threat to global economic stability is America's polarized and ineffectual political system rather than foreign competition from China and the European Union. The author points to China’s considerable demographic problem, which will likely undermine its economic potential. Furthermore, the sovereign debt crisis in Europe – which has left the continent politically fragmented by an institutional malaise – is evidence of the United States’ continued status as the world’s most successful nation. Tozzo posits that, due to factors such as its initial response to the financial crisis, the near failure of its banking system, the catastrophe of the debt ceiling crisis, and the election of Donald Trump as president, the greatest threat to American hegemony is America itself.

Download or read book Japan s Decision For War In 1941 Some Enduring Lessons written by Dr. Jeffrey Record and published by Pickle Partners Publishing. This book was released on 2015-11-06 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan’s decision to attack the United States in 1941 is widely regarded as irrational to the point of suicidal. How could Japan hope to survive a war with, much less defeat, an enemy possessing an invulnerable homeland and an industrial base 10 times that of Japan? The Pacific War was one that Japan was always going to lose, so how does one explain Tokyo’s decision? Did the Japanese recognize the odds against them? Did they have a concept of victory, or at least of avoiding defeat? Or did the Japanese prefer a lost war to an unacceptable peace? Dr. Jeffrey Record takes a fresh look at Japan’s decision for war, and concludes that it was dictated by Japanese pride and the threatened economic destruction of Japan by the United States. He believes that Japanese aggression in East Asia was the root cause of the Pacific War, but argues that the road to war in 1941 was built on American as well as Japanese miscalculations and that both sides suffered from cultural ignorance and racial arrogance. Record finds that the Americans underestimated the role of fear and honor in Japanese calculations and overestimated the effectiveness of economic sanctions as a deterrent to war, whereas the Japanese underestimated the cohesion and resolve of an aroused American society and overestimated their own martial prowess as a means of defeating U.S. material superiority. He believes that the failure of deterrence was mutual, and that the descent of the United States and Japan into war contains lessons of great and continuing relevance to American foreign policy and defense decision-makers.

Download or read book The Sublime Perversion of Capital written by Gavin Walker and published by Duke University Press. This book was released on 2016-03-25 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Sublime Perversion of Capital Gavin Walker examines the Japanese debate about capitalism between the 1920s and 1950s, using it as a "prehistory" to consider current discussions of uneven development and contemporary topics in Marxist theory and historiography. Walker locates the debate's culmination in the work of Uno Kōzō, whose investigations into the development of capitalism and the commodification of labor power are essential for rethinking the national question in Marxist theory. Walker's analysis of Uno and the Japanese debate strips Marxist historiography of its Eurocentric focus, showing how Marxist thought was globalized from the start. In analyzing the little-heralded tradition of Japanese Marxist theory alongside Marx himself, Walker not only offers new insights into the transition to capitalism, the rise of globalization, and the relation between capital and the formation of the nation-state; he provides new ways to break Marxist theory's impasse with postcolonial studies and critical theory.

Download or read book The Crisis This Time written by Greg Albo and published by NYU Press. This book was released on 2010-12 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: -Showing how 'exit strategies' are reviving neoliberalism.

Download or read book Exit from Hegemony written by Alexander Cooley and published by Oxford University Press. This book was released on 2020-02-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in a period of great uncertainty about the fate of America's global leadership. Many believe that Donald Trump's presidency marks the end of liberal international order-the very system of global institutions, rules, and values that shaped the American international system since the end of World War II. Trump's repeated rejection of liberal order, criticisms of long-term allies of the US, and affinity for authoritarian leaders certainly undermines the American international system, but the truth is that liberal international order has been quietly eroding for at least 15 years. In Exit from Hegemony, Alexander Cooley and Daniel Nexon develop a new, integrated approach to understanding the rise and decline of hegemonic orders. Their approach identifies three distinct ways in which the liberal international order is undergoing fundamental transformation. First, Russia and China have targeted the order, positioning themselves as revisionist powers by establishing alternative regional institutions and pushing counter-norms. Second, weaker states are hollowing out the order by seeking patronage and security partnership from nations outside of the order, such as Saudi Arabia and China. Even though they do not always seek to disrupt American hegemony, these new patron-client relationships lack the same liberal political and economic conditions as those involving the United States and its democratic allies. Third, a new series of transnational networks emphasizing illiberalism, nationalism, and right-wing values increasing challenges the anti-authoritarian, progressive transnational networks of the 1990s. These three pathways erode the primacy of the liberal international order from above, laterally, and from below. The Trump administration, with its "America First" doctrine, accelerates all three processes, critically lessening America's position as a world power.