Japan's Economic Success

It is the contention of this research that all of these factors have contributed to Japan's robust economic development, but that each theory is better understood when subsumed under the concept of "paternalism." The theory of paternalism is often offered in a limited sense as a model of worker-management relations that is another contributing factor to Japan's economic growth. Paternalism, however, should be viewed in a broader sense as a unique cultural phenomenon that guides not only worker-m

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ucial aspect of Japanese economic life. It is for the reason of distinguishing the labor boss system from the broader cultural system of oyabun-kobun relationships that the term "paternalism" is herein used to describe the latter. As a broad cultural concept, paternalism in the Japanese economy remains the key to business growth and success. Although many factors can be identified as contributing to robust economic health, most of these factors are directly or indirectly associated with Japan's propensity of employers and employees to work together in a mutually supportive pact. The turnaround of Mazda Motors is just one example of how a paternalistic business culture serves as the backbone to a variety of bold business practices, ranging from the inter-corporate cooperation, the role of the government, and the commitment of employees in making a business successful. The Mazda Miracle In the mid-1970s, Toyo Kogyo, the manufacturer of Mazda automobiles, was very near filing bankruptcy. Shortly following the Arab oil embargo, the automobile industry giant declared a $70 million annual loss with poor prospects for the future. The industry had recently accepted labor demands for a 30% increase in nominal wages just as demand f
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Some common words found in the essay are:
War II, Matsui Association, Okimoto Rohlen, Mazda Motors, II Industrial, Mazda Murai, Louis Hayes, Boss System, Norms Despite, Shintoism Buddhism, labor boss, labor boss system, boss system, industrial relations, mazda motors, economic growth, national economic, lifetime employment, okimoto rohlen, okimoto rohlen 1988, japan's economic, sumitomo banks, japanese industrial relations, world war ii, rohlen 1988 pp,
Approximate Word count = 7544
Approximate Pages = 30 (250 words per page)

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