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A collection of essays published over the past 30 years on the applications of game theory to international economics, capital movements, migration, income distribution, portfolio choice, law and economics, and the Japanese economy. Includes an autobiographical essay describing the economics professor's education, early influences, and development of his interests in income distribution, law and economics, and international economics. Annotation copyright by Book News, Inc., Portland, OR
In this book, Hamada applies current methods of game theory, public economics, and oligopoly theory to the problem of the choice of international monetary regimes in a world where goods markets and capital markets are increasingly integrated.
New perspectives on Japan's "lost decade" viewed in the context of recent financial turmoil.
This volume examines different aspects of the Japanese experience in a comparative context. There is much here of relevance to contemporary developing countries anxious to initiate the experience of miraculous growth and anxious to avoid the subsequent stagnation. Such issues of the role of government in providing the right amount of infant industry protection, the relevance of the financial system, the country’s peculiar corporate structure and the role of education in a comparative context serve to illuminate the lessons and legacies of this unique experience in development. The relationship between various dimensions of its domestic policy experience and Japan’s international experience in trade promotion and foreign aid is explored and is of special interest to an international audience of academics and policymakers.
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The Japanese economy, once referred to as the miracle of the rising sun, now appears to be in its twilight. Burdened with a large overhang of non-performing debt, the economy has suffered a long period of recession. This book describes the process, from the burst of the bubble to stagnation, to a slight revival followed by a near financial crisis, and a faint sign of recovery. Then the authors analyse, quantitatively as well as theoretically, the role of real and incentive factors, the effects of macroeconomic policies and foreign influences. The analysis is supplemented by a consideration of the political economy process that made it so difficult for Japan to recover from this stalemate.
This book is a concerted attempt by economists to investigate and offer remedies for some of the difficulties associated with an ageing labor market.