2007, English, Article, Working paper edition: Business groups and the big push [electronic resource] : meiji japan's mass privatization and subsequent growth / Randall Morck, Masao Nakamura. Morck, Randall.

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Published
  • Cambridge, MA : National Bureau of Economic Research, c2007.
Language
  • English

Edition details

Title
  • Business groups and the big push : meiji japan's mass privatization and subsequent growth /​ Randall Morck, Masao Nakamura.
Author
  • Morck, Randall.
Other Authors
  • Nakamura, Masao.
  • National Bureau of Economic Research
Published
  • Cambridge, MA : National Bureau of Economic Research, c2007.
Medium
  • [electronic resource]
Series
Summary
  • "Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided this coordination after the Meiji government failed at the task. We propose that pyramidal business groups are private sector mechanisms for coordinating and financing 'big push' growth, and that unique historical circumstances aided their success in prewar Japan. Specifically, Japan uniquely marginalized its feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an otherwise entrenched first generation of wealthy industrialists; and remained open to foreign trade and capital"--National Bureau of Economic Research web site.
Notes
  • Title from PDF file as viewed on 7/​30/​2007.
  • Includes bibliographical references.
  • Also available in print.
Technical Details
  • System requirements: Adobe Acrobat Reader.
  • Mode of access: World Wide Web.
Language
  • English
Libraries Australia ID
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Libraries Australia

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