Written by four prominent Japanese economists, this book is a preliminary step toward building a general theoretical framework for analyzing industrial policies. It achieves this goal by analyzing industrial policies in terms of economic theory, discussing the various frameworks suitable for evaluating these industrial policies in an objective manner, and by determining which policy measures are appropriate if an industrial policy is to be implemented. All students and professionals interested in industrial policy in general--and post-war Japan's policy specifically--will find a wealth of information in this volume.Presents a general framework for adopting industrial policy from the perspective of post-war Japanese economists**Discusses problems facing developing countries, especially the newly industrializing countries, that adopt Japan's strategies**Provides a theoretical analysis of Japanese industrial policies and their effect on economic welfare, taking into consideration their distinctive features
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