Jump to ContentJump to Main Navigation
The Future of Chinese Capitalism: Choices and ChancesChoices and Chances$
Users without a subscription are not able to see the full content.

Gordon Redding and Michael A. Witt

Print publication date: 2010

Print ISBN-13: 9780199575879

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199575879.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 November 2019

Japan

Japan

Chapter:
(p.168) 11 Japan
Source:
The Future of Chinese Capitalism: Choices and Chances
Author(s):

Gordon Redding

Michael A. Witt

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199575879.003.0011

This chapter describes Japan-style capitalism. The Japanese business system constitutes to the one known example of what the literature calls ‘coordinated capitalism’, although it has a close cousin in the collaborative form of capitalism typical of much of European business. Key themes include employee-centric stakeholder value, delegation, and interdependence within the enterprise, firm-specific skills, as well as societal coordination and structural inertia. Japanese capitalism produces comparative advantages mainly in industries requiring incremental innovation. The comparative advantage in machinery and equipment is also considerable. It is difficult to see how any of the key themes of the Japanese business system might work in the Mainland Chinese context.

Keywords:   Japan, capitalism, business system, employee-centric stakeholder value, delegation, interdependence, firm-specific skills, societal coordination, structural inertia, comparative advantage

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .