Decentralized Information Processing and Hierarchical Monitoring: The Case of Japan

Masahiko Aoki

Chapter 8 in Social Capability and Long-Term Economic Growth, 1995, pp 159-180 from Palgrave Macmillan

Abstract: Abstract The principal focus of the KDI Twentieth Anniversary Conference was to examine the role of ‘social absorption capability’ in the economic development process in a comparative perspective. Social absorption capability is defined as ‘the ability of a developing country to acquire, adapt and internalize technology and managerial know-how already developed by industrially advanced countries’. I was specifically asked to summarize possible implications of the Japanese development experience for understanding the nature of such capability.

Keywords: Institutional Arrangement; Japanese Firm; Wealth State; Main Bank; Client Firm (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-1-349-13512-7_8

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