Information Technology Innovation and the Japanese Economy by Kiyohiko Nishimura, Kazunori Minetaki
Information Technology Innovation and the Japanese Economy
Author: Kiyohiko Nishimura, Kazunori Minetaki
Book title: Information Technology Innovation and the Japanese Economy
ISBN: 0804773890
ISBN13: 978-0804773898
Format: pdf, fb2, epub
Publisher: Stanford Economics and Finance; 1 edition (July 7, 2010)
Language: English
Size pdf version: 1500 kb
Size epub version: 1827 kb
Rating: 3.5 ✪
Votes: 455
Category: Business & Money
Subcategory: Economics
The notion that innovation in information technology could spark a revitalization of the Japanese economy became a hot topic in 2000, and the Japanese government announced an e-Japan Strategy for creating a "knowledge emergent society" in January 2001. However, just when a consensus seemed to be emerging regarding the importance of IT innovation in Japan, the country's IT industries were deeply influenced by a recession that originated in the U.S. Although economic conditions have improved, strong IT-driven economic growth in Japan has not bounced back. Using a newly constructed set of data, this book examines how the Japanese economy has been affected by advances in information and communications technology, and whether Japan's experience with IT advancement was a short-lived bubble or part of a truly revolutionary change in the Japanese economy that will lead to long-term growth. The authors discuss similarities and differences between Japan's experience with IT innovation and that of the United States, where IT is thought to have played a major role in stimulating the economy.