Japan's great stagnation: Forging ahead, falling behind

W. R. Garside*

*Corresponding author for this work

Research output: Book/ReportBook

15 Citations (Scopus)


'Recent events have rendered Japan's lost decades all the more relevant to the rest of us. Rick Garside, in this wide-ranging and accessible account, explores the political economy of Japan's great stagnation with an eye toward describing how other advanced economies can avoid going down the same path.' - Barry Eichengreen, University of California, Berkeley, US This timely book presents a critical examination of the developmental premises of Japan's high-growth success and its subsequent drift into recession, stagnation and piecemeal reform. The country, which within a few decades of wartime defeat mounted a serious challenge to American hegemony, appeared incapable of fully adjusting to shifting economic circumstance once the impulses of catch-up growth and the good fortune of an accommodating international environment faded.

Original languageEnglish
PublisherEdward Elgar Publishing Ltd.
ISBN (Print)9780857938213
Publication statusPublished - 2012

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


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