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The Japanese Model: Shifts in Comparative Advantage Due to the IT Revolution and Modularization.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Motohashi Kazuyuki
Factors behind the Economic Slump of the 1990s Economic growth in Japan dropped off sharply in the 1990s. This is thought to be in large part a cyclic phenomenon reflecting the collapse of the bubble economy in the late 1980s. But slow growth has continued, with average annual growth of 1.4% through the decade of the 1990s, prompting comment that structural factors may also be involved. Moreover, certain industries appear to be losing competitiveness. Japan's electronics industry, for example, boasted overwhelming export competitiveness into the 1980s, but manufacturers in ...
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