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- W2508937258 abstract "In the second half of the 1970s, a tendency to sing the praises of ‘Japanese-style’ management grew stronger both inside Japan and abroad. Everywhere one came to hear the assertions: ‘Japan is powerful. The Japanese are superior.’ Before that time, it had been the premodern aspects of Japanese-style management that had been the issue, and the thrust of the argument had been that it was because of this that Japan was ‘a hopeless case’. At about that point came a complete turn-around, and the assertion began to be made that it was ‘because of Japanese-style management that Japan excels’. There are peculiar circumstances which account for this great turn-about. After the oil crisis of 1973, the world economy was beset by ‘stagflation’ and all the advanced capitalist countries of Europe and North America suffered from both rapid inflation and high rates of unemployment. While this was occurring, Japan, too, was buffeted for a while by wild increases in prices. However, it soon overcame this problem, and was able to come through the second oil crisis with little adverse effect. Manufactured goods made by Japanese firms conquered world markets, and from this point on the image of Japan summed up in the words ‘dame na Nihon’ (‘hopeless Japan’) gave way to an image summed up in the words subarashii Nihon (‘wonderful Japan’)." @default.
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- W2508937258 date "2000-01-01" @default.
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- W2508937258 title "The ‘Companism’ System" @default.
- W2508937258 doi "https://doi.org/10.1057/9780333977897_3" @default.
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