In 40 years Japan has developed from a war-devastated and poverty stricken country into the second largest economy in the world. This book analyzes how Japan attained its current financial and technological status and argues that Japan's supremacy over world economies will expand further.

In 40 years Japan has developed from a war-devastated, poverty-stricken country into the second largest and most prosperous economy in the world, holding seven of the world's ten largest banks, huge surpluses with almost all of its trading partners, and scientific technology that is largely supplanting America's role as the dynamic technological and financial core of East Asia and the world economy. It has become the dynamic technological and economic core of East Asia and indeed the world.

Japan seeks economic competitiveness vis-a-vis the West and economic dominance in Asia, but it mainly competes through cooperative use of economic resources, which facilitates realization of the goals of partner nations. This book studies Japan's balance between the United States and East Asia by focusing on the use of economic power - defense spending, consumption, and investment - to advance Japan's political and strategic as well as economic interests. It also investigates Japan's direct use of economic resources, namely, aid and sanctions, and by extension, discusses Japan's relations with the International Monetary Fund, the World Bank, and the Asian Development Bank.

Out of the ashes of its defeat in World War II, Japan arose to become the foremost economic power in the East Asia and a major player on the world economic stage. How did it do this? This work provides a concise summary and analysis of Japan's emergence as a global economic power. This guide discusses the growth of Japan as an unconventional global power based on the strength of its economy and the softening of its economy in the 1990s. Six topical essays are supported by a timeline of events in postwar Japan, biographical profiles of key players, the text of important primary documents, a glossary of terms, and an annotated bibliography. Topical essays cover the reprise of the Rising Sun, Japan as a Cold War client, the evolution of Japan as an economic giant, contending with the Communists, pursuing partners in Asia, and Japan as a reactive global power. Biographical sketches of 15 key Japanese political and business leaders, the text of 15 primary documents, a timeline of events, a glossary of terms, and an annotated bibliography suitable for student research provide valuable reference material. Students will benefit from this cogent and readable examination of one of the key developments in the postwar world.

This book examines regional dynamics in contemporary east and southeast Asia, scrutinizing the effects of Japanese dominance on the politics, economics, and cultures of the area. The contributors ask whether Japan has now attained, through sheer economic power and its political and cultural consequences, the predominance it once sought by overtly military means. The discussion is framed by the profound changes of the past decade. Since the end of the Cold War and the breakup of the Soviet Union, regional dynamics increasingly shape international and national developments. This volume places Japan's role in Asian regionalism in a broader comparative perspective with European regionalism and the role Germany plays. It assesses the competitive logics of continental and coastal primacy in China. In starkest form, the question addressed is whether Chinese or Japanese domination of the Asian region is more likely. Between a neo-mercantilist emphasis on the world's movement toward relatively closed regional blocs and an opposing liberal view that global markets are creating convergent pressures across all national boundaries and regional divides, this book takes a middle position. Asian regionalism is identified by two intersecting developments: Japanese economic penetration of Asian supplier networks through a system of production alliances, and the emergence of a pan-Pacific trading region that includes both Asia and North America. The contributors emphasize factors that are creating an Asia marked by multiple centers of influence, including China and the United States.

This work presents a comprehensive analysis of the political and strategic relationship between Japan and China, each of which aspires to a global status commensurate with its economic and military might.

In 40 years Japan has developed from a war-devastated and poverty stricken country into the second largest economy in the world. This book analyzes how Japan attained its current financial and technological status and argues that Japan's supremacy over world economies will expand further.

For students of international political economy, it is hard to ignore the growth, dynamism, and global impact of East Asia. Japan and China are two of the largest economies in the world, in a region now accounting for almost 30 percent more trade than the United States, Canada, and Mexico combined. What explains this increasing wealth and burgeoning power? In his new text, Ming Wan illustrates the diverse ways that the domestic politics and policies of countries within East Asia affect the region’s production, trade, exchange rates, and development, and are in turn affected by global market forces and international institutions. Unlike most other texts on East Asian political economy that are essentially comparisons of major individual countries, Wan effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia’s role in the world economy. The text first takes a comparative look at the region’s economic systems and institutions to explore their evolution—a rich and complex story that looks beyond the response to Western pressures. Later chapters are organized around close examination of production, trade, finance, and monetary relations. While featuring extended discussion of China, Japan, South Korea, and Taiwan, Wan is inclusive in his analysis, with coverage including Myanmar, Thailand, Laos, Vietnam, Cambodia, Malaysia, Singapore, Indonesia, Brunei, and the Philippines. The text is richly illustrated with more than fifty tables, figures, and maps that present the latest economic and political data to help students better visualize trends and demographics. Each chapter ends with extensive lists of suggested readings.

In the last decade Japan has replaced the United States as the financial and technological leader over the world economy. Japan's economic power is vast and growing. The world's ten largest banks and 315 of the world's 1,000 largest corporations are Japanese. Japan leads in 25 of 34 technologies essential for leadership in the post-industrial world. Tokyo has used its immense economic power to force foreign governments to concede trade advantages which further fuel Japan's economic dynamism and hegemony. This book provides an in depth understanding of the sources and consequences of Japan's vast economic and political power. It analyzes the changes and continuities in the basis of Japan's economic and political power, and reveals how Tokyo uses its power to overcome past, present and future challenges.

Groundbreaking new take on the growing rivalry between China, India and Japan-- and what it means for America, the global economy and the twenty-first century.