326-205/305 The Japanese Business System

Coordinator:

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Objectives:

At the end of this course students should be able: to understand the importance of the study of the Japanese business system both from the practical perspective of dealing effectively with Japanese business people and from the perspective of the challenges presented to Western economic and business theories by Japanese practices; to understand the economic structure of Japan, its major business institutions, and the characteristics of important business practices such as decision-making processes; to have a broad understanding of the history of Japanese economic development and of the evolution of major institutions and practices; to critically examine explanations of Japanese business practices and institutions, especially claims about the unique cultural bases to the business system and key components of the system; to consider the forces for change in the Japanese business system both internally and internationally and the implications for future trends in the Japanese business system; and for Australian business relationships with Japan.

Content:

The institutions of business and government that emerged in postwar Japan in the context of economic growth and transformation. Topics include the postwar economic 'miracle' with emphasis on structural change, industrial policy, and the role of technology; the organisation of big business, including keiretsu relationships and the role of the trading houses, and of small business, including subcontracting ties; financial markets and labour markets for both large and small firms; consumer markets; government-business relationships and cultural aspects of the business environment.

Assessment:

Prescribed Texts:

The Japanese Business System: Tutorial Readings (Details from the Department).