The aim of this book is to evaluate accurately economic development mechanism and to extract valuable lessons from a comparison of the economic development of Japan and that of Germany. The book covers an extensive range of economic issues: (1) macro-economic factors: capital, labor, technology; (2) macro-economic policies: financial, monetary, industrial; (3) external shocks to both economies: oil crises, exchange rate fluctuations, environmental problems; (4) development processes of major industries: steel, chemicals, and automobiles. The analyses with this systematic and comprehensive approach provide useful insights for the general reader as well as guidelines for developing countries and for Eastern European countries in transition.
This major study is a joint undertaking of the two economic research institutes: Ifo Institute for Economic Research, München, which is one of the six best economic research institutes in Germany, and Sakura Institute of Research, which is the think-tank affiliates of Sakura Bank, a major city bank in Japan.
Japan IFO Institute for Economic Research, Sakura Institute ofResearch, Japan
Eastern Europe Germany Japan Mobile chemicals developing countries development economic development environment social policy transition