Japan Remodeled: How Government and Industry Are Reforming Japanese Capitalism
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In the 1980s, the Japanese economic tsunami appeared set to engulf every country in its path. In the 1990s, just as deliriously, its economy receded. Ideologues of all stripes had a field day, because what looked like a state-guided model first produced stunning success (nearly a quarter-century of annual growth around 8 percent after 1950) and then stunning failure (more than a decade of stagnation after a late1980s stock market and real estate crash).