The Fable of the Keiretsu

Released on by Yoshiro Miwa
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  • The Fable of the Keiretsu Book Detail

  • Author : Yoshiro Miwa
  • Release Date : 2010-02-15
  • Publisher : University of Chicago Press
  • Genre : Law
  • Pages : 197
  • ISBN 13 : 0226532720
  • File Size : 69,69 MB
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The Fable of the Keiretsu by Yoshiro Miwa PDF Summary

Book Description: For Western economists and journalists, the most distinctive facet of the post-war Japanese business world has been the keiretsu, or the insular business alliances among powerful corporations. Within keiretsu groups, argue these observers, firms preferentially trade, lend money, take and receive technical and financial assistance, and cement their ties through cross-shareholding agreements. In The Fable of the Keiretsu, Yoshiro Miwa and J. Mark Ramseyer demonstrate that all this talk is really just urban legend. In their insightful analysis, the authors show that the very idea of the keiretsu was created and propagated by Marxist scholars in post-war Japan. Western scholars merely repatriated the legend to show the culturally contingent nature of modern economic analysis. Laying waste to the notion of keiretsu, the authors debunk several related “facts” as well: that Japanese firms maintain special arrangements with a “main bank,” that firms are systematically poorly managed, and that the Japanese government guided post-war growth. In demolishing these long-held assumptions, they offer one of the few reliable chronicles of the realities of Japanese business.

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The Fable of the Keiretsu

The Fable of the Keiretsu

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For Western economists and journalists, the most distinctive facet of the post-war Japanese business world has been the keiretsu, or the insular business allian

Japanese Law

Japanese Law

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In this clear and very readable introduction to Japanese law, J. Mark Ramseyer and Minoru Nakazato employ an economic approach to challenge commonly held ideas