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The Japanese economy underwent a fundamental transition from a liberal economy to a developmental state system during World War II, and despite efforts by the American occupation forces to dismantle them after 1945, these elements of the wartime economic system remained in place. Through an historical institutionalist lens, this book examines the reasons why the key features of the Japanese developmental state, such as pilot agencies and industrial associations, continued to play key roles in the post-war Japanese economy. Further, it locates the fundamental roots of the developmental...

The Japanese economy underwent a fundamental transition from a liberal economy to a developmental state system during World War II, and despite efforts by the American occupation forces to dismantle them after 1945, these elements of the wartime economic system remained in place. Through an historical institutionalist lens, this book examines the reasons why the key features of the Japanese developmental state, such as pilot agencies and industrial associations, continued to play key roles in the post-war Japanese economy. Further, it locates the fundamental roots of the developmental...