It's a true picture. One thing the author did not mention explicitly is
the singlemindedness of Japanese corporations to produce the "perfect"
product, which place them ahead of most manufacturers. In Japan, Japanese
phones are used and Vodafone (a UK company based on an acquisition
of a Japanese company recently exited the market).
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Anthony P. D'Costa, Professor
Comparative International Development
University of Washington
1900 Commerce Street
Tacoma, WA 98402, USA
Phone: (253) 692-4462
Fax : (253) 692-5718
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On Tue, 4 Jul 2006, michael perelman wrote:
Is this a true picture?
http://www.paecon.net/PAEReview/issue38/Jacoby38.htm
It?s true that some Japanese companies have sought to emulate American
practices. The bellwether in this group is Sony, whose recent
performance trails that of traditional companies like Canon and Toyota.
This is not good advertising for the shareholder-value model in Japan.
Similarly, the arrest this January of Takefumi Horie for alleged
financial improprieties has hurt those who portrayed Horie as the kind
of brash, aggressive entrepreneur that was needed to restore vitality to
Japan. One of Horie?s main promoters was Prime Minister Koizumi, whose
reputation has been tarnished along with Horie?s.
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901