Stock ID #134067 Information Technology Innovation and the Japanese Economy. KAZUNORI MINETAKI, KIYOHIKO G., NISHIMURA.

Information Technology Innovation and the Japanese Economy.

Singapore. NUS Press. 2010. Stock ID #134067

v + 229 pages, index, bibliography, dustjacket.

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 is 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.

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