List of Figures
List of Tables
1. Introduction
2. Economic Recovery, Rapid Growth, and Industrial Policy
2.1. Post-War Recovery and the Occupation of Japan (1945-1952)
2.2. The Second Chance: Industry Rationalization, Modernization, and Growth (1952-1960)
2.3. Trade Liberalization in a Maturing Economy (1961-1970)
2.4. Fragmenting National Consensus and External Shocks (1970-1973)
3. Methodological Issues in Evaluating Japanese Industrial Policy
3.1. A Simple Dynamic Framework
3.2. Policy Optimality, Policy Feasibility, and Policy Effectiveness
3.3. Historical View of Industrial Policy
4. Evidence on the Efficacy of Industrial Policy During the High-Growth Period
4.1. The Rationality of Industrial Policy
4.2. The Impact of Industrial Policy on Resource Allocation
4.3. Policy Impact on Potential Growth
4.4. Institutional Requirements for Policy Efficacy
5. Industrial Policy and the Japanese Steel Industry (1945-1990)
5.1. Priority Production and the Japanese Steel Industry (1946-1949)
5.2. Rationalization and Modernization (1950-1960)
5.3. Trade Liberalization, Mergers, and Excess Capacity (1961-1973)
5.4. Industrial Policy Towards a Declining Steel Industry (1971-1990)
5.5. Evaluating Industrial Policy Towards Steel
6. Lessons for Developing Countries
6.1. Policy Success and Failure: Economic Insights
6.2. The Favours of History
6.3. Implementing Industrial Policy in Other Developing Nations
7. External Shocks, Industrial Policy, and the Search for Balanced Growth
7.1. Adjusting to the Oil Crises (1973-1981)
7.2. Administrative Reform, Export-Led Growth, and Trade Friction - the Search for Balanced Development (1981-1990)
8. Evaluating Recent Industrial Policy (1973-1990)
8.1. Reaction to the Oil Crises: Policy Rationality and Policy Impact in the 1970s
8.2. Policy Rationality and Policy Impact in the 1980s
8.3. Lessons for Industrialized Nations
9. Japanese Industrial Policy, Past and Future
9.1. Industrial Policy as an Explanation for Growth
9.2. The Future Role of Industrial Policy in Japan
9.3. Some Qualifications
Bibliography
Index