Synopses & Reviews
Mourdoukoutas New Emerging Japanese Economy documents the rise of the old Japan economy, identifies the reasons and their domestic and international effects, then charts Japan's rapid decline, and the effects that this largely unexpected event had on the conduct of business globally. But now the signs point to Japan's economic recovery - and the importance of this cannot be overestimated. Not only will it provide benefits to the Japanese people, these same benefits will extend to Japan's trading partners worldwide. The result will be new opportunities, but new challenges as well for unwary foreign management. Mourdoukoutas analyzes the Japanese economy, from rise to fall to rise again, and relates his findings, analyses, and interpretations directly to the conduct of world trade, not only between Japan and the U.S. but with other partners as well. In doing so he makes it possible for corporate management at the highest levels to determine for itself what its strategic response should be - how to select, create, and sell innovative goods and services, and how to design new business methods to maximize gains and guard against losses. The result is a rigorously pragmatic, readable guide for international business people in various capacities and at the highest corporate levels, as well as a challenging, provocative analysis for individuals interested in business management and world trade.
Historically one of the most closed economies in the developed world, Japan ? still reigning as the third largest national economy ? has undergone a major cultural shift, resulting in a new economy where competition and deregulation are king. As Japan regains footing as a world economic power, companies that want to cash in on its emerging opportunities must first understand them. In his newest book, widely respected economist and experienced sinologist Panos Mourdoukoutas offers invaluable insight into the rise of the old Japanese economy and its domestic and international effects, the subsequent rapid decline and its toll, as well as the current economic outlook. As signs point to Japan?s economic recovery, this book emphasizes the importance of it. Explaining how recovery will benefit the Japanese people and Japan?s trading partners worldwide, it fully explores the new opportunities and challenges for management.
The book is in three parts. The first part is a discussion of Japan's Old Economy, the institutions and policies that contributed to the country's phenomenal success, the frictions they caused with her citizens and trade partners; and the contribution of these frictions to the rise of the New Economy. The second part is a discussion of how Japan's New Economy has benefited world business; and the current trends and opportunities. The third part is a discussion of a strategy that assists foreign companies to take advantage of Japan's New Economy.
Japan's economy is a global powerhouse. Find out what we can learn from them in THE NEW EMERGING JAPANESE ECONOMY: OPPORTUNITY AND STRATEGY FOR WORLD BUSINESS. The textbook examines Japan's Old Economy, the impact of Japan's New Economy, and the latest strategies that assist foreign companies in taking advantage of Japan's New Economy and includes built in study tools.
About the Author
Panos Mourdoukoutas is a tenured Professor of Economics at Long Island University in New York. He has written or co-written 10 previous books. Dr. Mourdoukoutas¿ teaching experience includes courses in entrepreneurship, international business strategy, financial markets and institutions, investment theory and business forecasting, comparative economic systems, and related courses on Japan, China, and the economics of Southeast Asia.
Table of Contents
1. Introduction I. THE FADING OLD ECONOMY 2. Economic Dualism 3. Government Activism 4. Economic Frictions 5. The Bubble and its Burst II. THE EMERGING NEW ECONOMY 6. Competition and Deregulation 7. Corporate Restructuring 8. Opportunities for Foreign Business III. STRATEGIES FOR FOREIGN BUSINESS 9. Adapt to the Japanese Business Conditions 10. Develop New Products 11. Promote Products Aggressively 12. Summary and Conclusions