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This book focuses on the so-called Golden Age of Capitalism' the 1950s and 1960s, and studying prime-mover countries (the US and the UK), followers (Germany, France, and Italy), and latecomers (Japan and Korea). It addresses the crucial questions to be asked; what appropriate roles should government be assigned, and which government actions are useful public policy and which represent unnecessary and harmful intervention?

This work provides a survey of the many changes currently in progress in Japan, including political reform, economic deregulation and liberalization, and reforms to environmental policy, science and technology, education, and immigration policy.