11. Japanese Entrepreneurship: Can the Silicon Valley Model Be Applied to Japan?
- Author:
- Katsuhiro Nakagawa
- Publication Date:
- 12-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Since 1992, the Japanese economy has been utterly stagnant, with signs of weak performance at every turn. Since 1997, Japan's economy has experienced negative growth, a situation unprecedented in the postwar era. Most large Japanese corporations have engaged in extensive restructuring during this period, which has in turn contributed to 4.8 percent unemployment—higher than rates in the United States. Further, in 1998, the closure rate of small companies (3.8 percent) exceeded the start-up rate of new business ventures (3.7 percent).
- Topic:
- Security
- Political Geography:
- United States, Japan, and Asia