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The Fable of the Keiretsu
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The Fable of the Keiretsu: Urban Legends of the Japanese Economy

Yoshiro Miwa and J. Ramseyer

Abstract

For Western economists and journalists, the most distinctive facet of the post-war Japanese business world has been the keiretsu, or the insular business alliances among powerful corporations. Within keiretsu groups, argue these observers, firms preferentially trade, lend money, take and receive technical and financial assistance, and cement their ties through cross-shareholding agreements. This book demonstrates that all this talk is really just urban legend. In their analysis, the chapters here show that the very idea of the keiretsu was created and propagated by Marxist scholars in post-war ... More

Keywords: Western economists, Western journalists, Japanese business world, keiretsu, insular business alliances, powerful corporations, firms, technical assistance, financial assistance, cross-shareholding agreements

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780226532707
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226532721.001.0001

Authors

Affiliations are at time of print publication.

Yoshiro Miwa, author

J. Ramseyer, author