Institutions, Industrial Upgrading, and Economic Performance in Japan
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Institutions, Industrial Upgrading, and Economic Performance in Japan

The ‘Flying Geese’ Paradigm of Catch-up Growth

  • New Horizons in International Business series

Terutomo Ozawa

Terutomo Ozawa examines Japan’s once celebrated post-war economic success from a new perspective. He applies a ‘flying geese’ model of industrial upgrading in a country that is still catching-up, to explore the rise, fall and rebound of Japanese industry with its evolving institutions and policies.
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Chapter 1: Hegemon-Led Growth Clustering and the Flying-Geese Paradigm of Catch-up Growth

Terutomo Ozawa