Please answer the following questions. You may need to research on the
comparative management techniques between Japan and the U.S.
Note: Be familiar with the Keiretsu system
Bankruptcies of large companies in Japan are far less frequent than in
the United States. What does this imply? Is this a good or bad thing?
The goal of Japan’s industrial policy has been not correcting for
market failures, but protecting specific industries from international
competition. How can we justify this?
What are the costs of protecting domestic industries?
The majority view is that the effects of industrial policy during the
high growth period are positive. Do you agree or disagree? State your
reasons.
