This book looks at Japan's early economic modernization to see if today's low-income countries can learn any lessons. The author focuses on education, technology policy, capital formation, the transfer of savings from agriculture to industry, state aid to the private sector, improvement engineering in the informal sector, low wages, industrial dualism, export expansion, and resistance to Western imperialism (a strategy which included acquiring its own empire) under Japan's "guided capitalism."

Zusammenfassung
With the collapse of the Soviet economy in the early 1990s, Japan has become the major non-Western model for late developing countries. This book looks at Japan's early economic modernisation to see if today's low-income countries can learn any lessons.

Inhalt
Chapter 1 The Japanese Development Model; Chapter 2 Economic Autonomy and Adapting Foreign Technology; Chapter 3 Guided Capitalism; Chapter 4 The State and Indigenous Capitalism; Chapter 5 Transfer of Agricultural Surplus; Chapter 6 Low Industrial Wages; Chapter 7 Industrial Dualism; Chapter 8 Export Expansion and Import Substitution; Chapter 9 Applying the Japanese Development Model;