Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Political Economy Analysis of Significant Roles of MITI in Japan's Industrial Policies During Japan's Post-war Economic Miracle Period

Authors
Qingming Song1, *
1Elliott School of International Affairs, George Washington University, Washington, D.C., 20052, USA
*Corresponding author. Email: qsong67@gwu.edu
Corresponding Author
Qingming Song
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_28How to use a DOI?
Keywords
MITI; Industrial policies; Economic miracle
Abstract

Japan’s rapid economic recovery and growth during the post-war period were well-known, and the factors behind the growth varied, including Ministry of International Trade and Industry (MITI). This paper reviewed the literature to figure out a research question regarding the roles of MITI played in Japan’s industrial policies during Japan’s post-war economic miracle. Through examining the roles of MITI in Japan’s post-war industrial policies, the paper will present the positive effects of governmental intervention in the markets. To provide a relatively comprehensive analysis of MITI’s roles, this paper analysed 23 articles selected from Google Scholar. The paper focuses four areas within two levels of domestic and international: an intermediary role between government and market; the role of developing future information technologies; the role of promoting domestic tech-industries by loosening restrictions on foreign imports of advanced technologies; the role of initiating the cooperative R&D to boost domestic tech industries. Then, the paper concludes by discussing the political economy of MITI and its possible implications for other developing countries.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_28
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_28How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qingming Song
PY  - 2022
DA  - 2022/12/27
TI  - Political Economy Analysis of Significant Roles of MITI in Japan's Industrial Policies During Japan's Post-war Economic Miracle Period
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 240
EP  - 246
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_28
DO  - 10.2991/978-94-6463-052-7_28
ID  - Song2022
ER  -