Japan achieved it's present economic position by rejecting free trade theory and instead mastering neomercantilist policies which target strategic industries for development with a range of government sponsored cartels, subsidies, import barriers and export incentives.
William Nester is the author of more than thirty books on international relations, military history, and the nature of power. He is a Professor in the Department of Government and Politics at St. John s University in New York, USA.
Introduction - Neoclassical Versus Neomercantilist Economics: Theory and Reality - Japanese Neomercantilism: Continuities and Changes - For Their Money and Votes: Farmers, Distributors and Builders - The Backbone of Heavy Industry: Steel, Shipbuilding, Machine Tools and Automobiles - Fueling Industrial Superpower: Energy, Raw Materials and Comprehensive Security - From Technological 'Catch-Up' to 'Leap-Frog': Computers, Semiconductors and Telecommunications - Banker to the World: Managing Oceans of Cash, Stocks and Bonds - Notes - Index
