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 years - when so much attention in the West has turned to Japan - that industrial policy has actually shrunk there.