The Fable of the Keiretsu

The Fable of the Keiretsu

4.11 - 1251 ratings - Source



For Western economists and journalists, the most distinctive facet of the post-war Japanese business world has been the keiretsu, or the insular business alliances among powerful corporations. Within keiretsu groups, argue these observers, firms preferentially trade, lend money, take and receive technical and financial assistance, and cement their ties through cross-shareholding agreements. In The Fable of the Keiretsu, Yoshiro Miwa and J. Mark Ramseyer demonstrate that all this talk is really just urban legend. In their insightful analysis, the authors show that the very idea of the keiretsu was created and propagated by Marxist scholars in post-war Japan. Western scholars merely repatriated the legend to show the culturally contingent nature of modern economic analysis. Laying waste to the notion of keiretsu, the authors debunk several related a€œfactsa€ as well: that Japanese firms maintain special arrangements with a a€œmain bank, a€ that firms are systematically poorly managed, and that the Japanese government guided post-war growth. In demolishing these long-held assumptions, they offer one of the few reliable chronicles of the realities of Japanese business.Honda The Firm For a better sense of the production process, consider the conditions at several Honda suppliers.6 Founded a half ... Among these second- tier subcontractors, B1 runs stamping operations and B2 machining operations. In turnanbsp;...


Title:The Fable of the Keiretsu
Author: Yoshiro Miwa, J. Mark Ramseyer
Publisher:University of Chicago Press - 2010-02-15
ISBN-13:

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.


Click button below to register and download Ebook
Privacy Policy | Contact | DMCA