The World Economic Crisis and Japanese Capitalism

1. Front Matter

   Pages i-xvi

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2. The Capitalist World Economy in Crisis

   1. Front Matter

      Pages 1-3

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   2. The Current Global Crisis and the Working of Capitalism

      • Makoto Itoh

      Pages 4-26

   3. The End of Sustained Growth

      • Makoto Itoh

      Pages 27-59

   4. The Dynamic Process of the Great Depression

      • Makoto Itoh

      Pages 60-97

   5. The ‘Information Revolution’ in the Current Depression

      • Makoto Itoh

      Pages 98-114

   6. The Current Depression as an Historical Crisis

      • Makoto Itoh

      Pages 115-135

3. Japanese Capitalism in Crisis

   1. Front Matter

      Pages 137-139

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   2. Rapid Economic Growth and its Standstill

      • Makoto Itoh

      Pages 140-166

   3. The Changing Phases of the Great Depression

      • Makoto Itoh

      Pages 167-179

   4. Structural Changes in Japanese Capitalism

      • Makoto Itoh

      Pages 180-198

   5. The Political Economy of Trade Frictions

      • Makoto Itoh

      Pages 199-214

   6. Japanese Capitalism in the Asia-Pacific Rim

      • Makoto Itoh

      Pages 215-234

4. Back Matter

   Pages 235-263

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The current world economic crisis and its impact on Japanese capitalism contains many paradoxes. After the historical conditions of continuous growth under US economic hegemony broke down, generating a global economic crisis from the beginning of the 1970s, the restructuring of capitalism through the 'information revolution' seems paradoxically to be causing a historical reverse in social conditions of over a century. Although the Japanese economy is often regarded as an exceptionally successful economy it is not immune from the crisis. The process of restrengthening Japanese competitive power has weakened the social position of Japanese workers. This book offers a stimulating analysis of the dynamics of the world and Japanese economy. The author's previous book The Basic Theory of Capitalism gives a solid theoretical basis for the treatment of the current crisis in this present study.

• depression
• economic growth
• growth

• University of Tokyo, Japan

  Makoto Itoh

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