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Asia's Flying Geese : How Regionalization Shapes Japan (Paperback)

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"Asia's Flying Geese connects social organization, economics, and politics to bring the study of East Asian regionalism to life. In this landmark book on an extremely important topic, Walter F. Hatch explains Japan's economic stagnation and subsequent transformation by looking at its ties to East Asia."---Mark Tilton, Purdue University

In Asia's Flying Geese, Walter F. Hatch tackles the puzzle of Japan's paradoxically slow change during the economic crisis it faced in the 1990s. Why didn't the purportedly unstoppable pressures of globalization force a rapid and radical shift in Japan's business model?In a book with lessons for the larger debate about globalization and its impact on national economies, Hatch shows how Japanese political and economic elites delayed---but could not in the end forestall---the transformation of their distinctive brand of capitalism by trying to extend it to the rest of Asia. For most of the 1990s, the region grew rapidly as an increasingly integrated but hierarchical group of economies. Japanese diplomats and economists came to call them "flying geese." The "lead goose" or most developed economy, Japan supplied the capital, technology, and even developmental norms to second-tier"geese" such as Singapore and South Korea, which themselves traded with Thailand, Malaysia, and the Philippines, and so on down the V-shaped line to Indonesia and coastal China. Japan's model of capitalism, which Hatch calls "relationalism," was thus fortified, even as it became increasingly outdated.

The Asian economic crisis in the late 1990s destabilized many of the surrounding economies upon which Japan had in some measure depended, and the People's Republic of China gained new prominence on the global scene as an economic dynamo. These changes, Hatch concludes, have forced real transformation in Japan's corporate governance, its domestic politics, and in its ongoing relations with its neighbors.

Specifications

Publisher Cornell Univ Pr
Mfg Part# 9780801476471
SKU 213444382
Format Paperback
ISBN10 080147647X
Release Date 5/1/2010
Product Attributes
Book Format Paperback
Number of Pages 0292
Publisher Cornell University Press
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$36.01 + free shipping
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