Circles of Compensation: Economic Growth and the Globalization of Japan

Ambassador to Japan and as Japan Chair at the Center for Strategic and International Studies, and he has taught at Princeton, Harvard, and Seoul National Universities. Calder is Director of the Reischauer Center for East Asian Studies at SAIS/Johns Hopkins University in Washington, D.C. He previously served as Special

Ambassador to Japan)"Kent Calder's Crisis and Compensation is one of the classic works on Japanese politicsand with Circles of Compensation, he's written another seminal book on Japanese political economy. Its conclusions have powerful implications for anyone interested in global economics and politics. In reading this new book, one learns everything one needs to know about Japan's economic problems. An absolute tour de force." (Margarita Estévez-Abe Syracuse University)"Circles of Compensation is a beautifully written breakthrough analysis of how to think about one of the world's most important nations. Roos Former U.S. His work is leaving a mark on U.S.–Japan relations." (John V. Simply too important to pass up." (Jeffrey Garten Yale University) . "Calder is a scholar and intellectual leader wit

The result is a comprehensive overview of Japan's circles of compensation as they stand today, and a road map for broadening them in the future.. Since then, it has been unable to restart its economic engine and respond to globalization. Japan grew explosively and consistently for more than a century, from the Meiji Restoration until the collapse of the economic bubble in the early 1990s. Kent E. Calder examines how these circles operate in seven concrete areas, from food supply to consumer electronics, and deals in special detail with the influence of Japan's changing financial system. How could the same poli