Japan's development and economic theory

Cömert, Hasan
This thesis investigates the relationship between economic ideas and practices in reference to Japanese development experience. To achieve this, it first examines the impact of economic ideas and economists on the Japanese development. Then it examines the characteristics of the Japanese development. Lastly, the study attempts to give an account of the direct impact of Japanese experience. It also tries to elucidate the indirect influence on the Japanese development economics which occurred through its impact on East Asian model. It has three main assertions. Firstly, it argues that Japanese economic thought and economists that were under the influence of heterodox economic schools such as the German Historical School, Marxism and the Schumpeterian and Keynesian schools, played a crucial role in shaping the Japanese development. Secondly, at least partly for this reason, Japanese development which can be considered as a piece-wise continuous accelerated growth phenomena, demonstrated heterodox characteristics. Thirdly, Japanese successful industrialization directly and indirectly, through influencing East Asian development model, deeply affected different economic approaches in development economics such as the developmental state, flying geese model and the Confucian ethic thesis. The broader implication of this thesis is that the economic ideas and economic practices have a circular relationship as Japanese experience has demonstrated.
Citation Formats
H. Cömert, “Japan’s development and economic theory,” M.S. - Master of Science, Middle East Technical University, 2005.