Planning for Change

This book evaluates the role that government industrial policy, through agencies such as MITI, has played in Japan's extraordinary post-war development. It shows that a stable, gradual, and long-term perspective was the key to Japan's development, rather than `picking winners'. The author believes that Japan's experience has relevance to the challenges facing the transitional economies. He also points out the way that in recent yearswhen so much attention in the West has turned to Japanthat industrial policy has actually shrunk there.