Introduction

This book presents three distinct approaches to understanding how and why Japan made the transition from a relatively low-income country mainly focused on agriculture to a high-income nation centered on manufacturing and services.

Key Concepts

Making a case for over determination in economic behaviour, the authors argue that individual, firm level and governmental behavior is simultaneously determined by the interaction of markets, norms and structures and that change over time is rarely if ever limited to the economy operating in isolation from social norms and structures.