Author Description

Building A New Economy Is About Coordinated Public And Private Sector Attempts To Navigate Japan Out Of Deflation Through Digital And Green Transformation (dx And Gx), Along A Path Which Avoids Big Tech Market Oligopoly On The One Hand, And An Overbearing State On The Other. Focusing On The Years Since 2015, It Examines A Series Of Mission-oriented Reforms, From Society 5.0 And Green Growth Strategy To 'new Form Of Capitalism' And 'rebuilding The Middle Class,' Encompassing Both Innovation And Governance, And Firm-level And Policy-level Insights. It Describes The Revival Of The Adaptive Developmental State, And Dx And Gx Which Recombine Parts Of The Postwar Economic Model With New Institutional Features Addressing Contemporary Challenges, Which Include Demographic Shrinkage And Ageing, External Energy Dependence And Geopolitical Turbulence, And The Legacies Of Japan's 'lost Decades.' The Book Builds On An Evolutionary Framework Of States-and-markets, Organizations-and-technology, And Institutional Change. The Reforms Are Not Always Institutionally Coherent, In Fact Three Clusters Or 'spirits' Of Contemporary Japanese Capitalism Are Identified, Which Pull In Different Directions, But Can Also Be Seen As A Means Of Overcoming Institutional Stasis Through 'controlled Dis-equilibrium.' Similar Tensions Can Be Seen In The Innovation System. The Cautiously Optimistic Book Looks Beyond 'lost Decades' Pessimism And Deflation-countering Abenomics To How Japanese Economic And Policy Actors Are Re-orienting The Economy Around Contemporary And Future Innovation And Institutional Challenges-- Provided By Publisher.