Structural Reform of the Japanese Economy 2
Faculty
Description
The US and Japan are the two most dynamic nations in the world economic theater in late 20’s centaury. While both countries’ economies are essentially run by market, the role of the governments is substantially different and the difference created the completely opposite economic performances in 80’s and 90’s.
The class will first compare the economic performance and the economic policy of both countries in 80’s, and will analyzes the background and the impact of the globalization in 90’s.
The class will identify the difference of policy and institution which led the two economies to the different performance in 90’s. The focus will be on the efficiency in resource allocation, the incentive towards innovation and the policy making process.