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来源类型Report
规范类型报告
The right target for the third arrow: Corporate managerial efficiency in Japan compared with the United States
Lawrence B. Lindsey; Niall Ferguson; Daniel Loeb
发表日期2013-06-25
出版年2013
语种英语
摘要Download the PDF Japan has reinvented its economic model before. Following the Meiji Restoration, the Japanese rapidly industrialized by intentionally borrowing from the West. After the Second World War, Japan achieved a second economic miracle, rising from the ashes to become the world’s second largest economy in only a quarter century. During the 1980s its industrial might came to be feared around the world; indeed, many in America warned that Japan might soon overtake or even “buy up and own” America. This rapid development became known as the “Japan Model” and has since been emulated throughout East Asia as a development template. In the past two decades, however, Japanese corporations have tended to rest on their earlier accomplishments. The Japanese economy has stagnated and leading Japanese brands have been knocked down from their once pre-eminent positions. Now Prime Minister Shinzo Abe is attempting an aggressive reform program in order to revitalize the Japanese economy. Can he succeed? We believe he can, but only if he aims his “third arrow” of structural reform at the right target. That target should be the inefficient and unaccountable way that Japanese managers allocate capital.
主题International Economics
标签corporations ; Japan economy ; Policy Papers ; Shinzo Abe
URLhttps://www.aei.org/research-products/report/the-right-target-for-the-third-arrow-corporate-managerial-efficiency-in-japan-compared-with-the-united-states/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/205871
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Lawrence B. Lindsey,Niall Ferguson,Daniel Loeb. The right target for the third arrow: Corporate managerial efficiency in Japan compared with the United States. 2013.
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