Japanese Economic Success: Timing, Culture, and Organisational Capability

Abstract

Japanese economic success has been built upon the establishment and development of key manufacturing sectors, and the perspectives of business history can especially reveal that complex interaction of companies, markets, business networks, and state which has over time created a globally competitive industrial system. Long-term economic growth was capped in the 1950s and 1960s by growth rates that were unprecedented in their scale and duration. Similarly, the process of industrial transformation accelerated in the years between 1918 and 1950, important developments finally coalescing during the post-war period into the so-termed ‘Japanese industrial system’. Debates over the timing of economic development in Japan are intertwined with debates on the contribution of a pre-industrial national culture to business success. The historical record suggests that the acquisition of organisational capabilities within Japanese manufacturers has been shaped by the timing of the country's industrialisation and by its ...