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019 _a50418633;490716832
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_a0521790255 (hardback)
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_a(OCoLC)46402166
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_dMUQ;BAKER;BTCTA;YDXCP;OCLCG;IG#;ZWZ;OCLCQ;TULIB;BDX;PSM;OCLCF;OCLCO
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_aa-ja---
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_aHC462.95
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_b.G36 20012
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100 _e
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_aGao, Bai,
_d1955-
_b4
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245 0 _a
_aJapan's economic dilemma :
_d
_bthe institutional origins of prosperity and stagnation /
_n
_cBai Gao.
_h6
_p
246 _a
_a
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_i
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264 _3
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_aNew York :
_d
_bCambridge University Press,
_c[2001]46
300 _e
_e
_c24 cm.
_axi, 300 pages
_b
310 _a
_a
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321 _a
_a
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336 _b
_atext
_2rdacontent
337 _3
_30
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_aunmediated
_2rdamedia
338 _3
_30
_b
_avolume
_2rdacarrier
340 _2
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347 _2
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_c56
504 _a
_aIncludes bibliographical references (p. 275-293) and index.
_x
505 _a
_a1. Introduction -- 2. Three Theoretical Issues -- 3. The Rise of the Principles of Coordination and Stability -- 4. Coordination, Excessive Competition, and High-Speed Economic Growth -- 5. Stability, Total Employment, and the Welfare Society -- 6. The Roads to the Bubble -- 7. The Struggle of the Welfare Society -- 8. Fighting the Stagnation.
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_aThe Japanese economy, after decades of seemingly unsurpassable competitiveness, experienced a major crisis in the 1990s. The depth of the crisis has been as remarkable as Japan's renowned meteoric success. Economies rise and fall, to be sure; but the magnitude of the Japanese economy's swing within such a short time, and in the absence of major wars, is unprecedented. Observers of Japan are faced with a challenging question: How can one explain Japan's seemingly abrupt reversal from stunning prosperity to dismal stagnation? Bai Gao not only explains the reversion but also goes beyond other analyses to demonstrate how the same economic institutions could produce both stunning international economic success and the subsequent, intractable slump of the 1990s.--BOOK JACKET.
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_aFinancial crises
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651 _x
_xEconomic conditions
_aJapan
_y1989-20
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