Notes on Japanese Political Economy and Industrial Policy

"MITI and the Japanese Miracle"

As industrial policy gains attention at the federal level, it is worth learning from those who have been pursuing it for a long time and identifying what are the characteristics of systems that enable (or hinder) industrial policy. Japan in particular has pursued a particular kind of economic development strategy that is markedly different from the US’s and Chalmer Johnson’s “MITI and the Japanese Miracle”, originally published in 1982, provides a useful overview of Japan’s long history of industrial policy, with a focus on Japan’s Ministry of International Trade and Industry (MITI). I found…

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