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Japan's Economic Dilemma: The Institutions of Prosperity and Stagnation by Bai Gao,

After decades of seemingly unsurpassable growth northern kentucky university and prosperity, Japan's economy declined in the 1990s. The reversal stunned observers: How could the economy have reversed itself so abruptly? Bai Gao's illuminating analysis of Japan's economic story demonstrates how the same economic institutions could produce both remarkable successes northern kentucky university and a prolonged slump. In Japan's Economic Dilemma, Gao describes tensions within the Japanese economic system that created a bubble in the 1980s, yet became unsustainable northern kentucky university and led to a stagnant domestic economy in the 1990s. Those who have been following the lively debate over "What became of the Japanese Miracle?" will appreciate Gao's historical perspective northern kentucky university and multilayered analysis. Bai Gao is an associate professor in the department of sociology at Duke University in Durham, North Carolina. He was a visiting scholar at Tokyo University northern kentucky university and taught at Hitotsubashi University northern kentucky university and Yokohama National University. He is the author of Economic Ideology northern kentucky university and Japanese Industrial Policy (Cambridge, 1997), which received the 1998 Hiromi Arisawa Memorial Award in Best Books in Japanese Studies from the Association of American University Presses.
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