Japanese political economy revisited: diverse corporate change, institutional transformation, and Abenomics

Author(s):  
David Chiavacci ◽  
Sébastien Lechevalier
2004 ◽  
Vol 5 (2) ◽  
pp. 311-322 ◽  
Author(s):  
CHEOL HEE PARK

The 1990s is perceived in Japan as a lost decade, but it also was a decade of profound political, economic and institutional transformation. Books and articles reviewed here analyze this unprecedented change from diverse angles. Authors are in agreement that Japanese political economy has undergone major transformation in the 1990s. However, over the issue of how much and in what area those changes have occurred, authors take different standpoints. Also as to what would be the shape of future political setup, they provide us with divergent scenarios.


2018 ◽  
Vol 22 (3) ◽  
pp. 313-331 ◽  
Author(s):  
Jon Las Heras

This article shows how International Political Economy of Labour (IPEL) approaches can be fruitful in the study of working class and institutional transformation in contemporary capitalism. It draws from an analysis of variegated union strategies in the Mercedes-Benz-Vitoria Global Value Chain (MBV-GVC), located in the autonomous community of the Basque Country (north Spain). More concretely, it explains how the recurring adoption of micro-corporatist strategies at the car assembly plant undermined and fragmented working conditions whilst, in sharp contrast, the adoption of confrontational strategies in supplier companies led to the empowerment of the workforce, increasing salaries of new entrants well above new assembly workers’. This occurred parallel to Basque unions’ challenge of prevailing institutionalised forms of collective bargaining, especially by questioning the power that Provincial Metal Sector Agreements have in the regulation of salaries and working conditions of medium and small (non-unionised) companies. Thus, in exploring how Spanish and Basque trade unions’ strategies produced different institutional settings, this article argues that IPEL approaches are helpful in providing complex and nuanced accounts of the uneven development of capitalism as a result of labour’s agency.


Author(s):  
Julie E. Cohen

This book explores the relationships between legal institutions and political and economic transformation. It argues that as law is enlisted to help produce the profound economic and sociotechnical shifts that have accompanied the emergence of the informational economy, it is changing in fundamental ways. We are witnessing the emergence of legal institutions adapted to the information age, but their form and their substance remain undetermined and are the subjects of intense struggle. One level for legal-institutional transformation involves baseline understandings of entitlement and disentitlement. Both lawyers and laypeople tend to think of legal entitlements as relatively fixed, but the ongoing transformation in political economy has set things in motion in ways that traditional accounts do not contemplate. In particular, the datafication of important resources and the shift to a platform-based, massively intermediated communications environment have profoundly reshaped both the organization of economic activity and the patterns of information exchange. The authority of platforms is both practical and normative, and it has become both something taken for granted and a powerful force reshaping the law in its own image. Another level for legal-institutional transformation involves the structure and operation of regulatory and governance institutions. Patterns of institutional change in the networked information era express a generally neoliberalized and managerialist stance toward the law’s projects and processes. They reflect deeply embedded beliefs about the best uses of new technological capabilities to manage legal and regulatory processes and account for activities of legal and regulatory concern.


Author(s):  
Viktor I. Belyaev ◽  

The article aims to solve the problems of the development and economic growth of enterprises, organizations, regions, countries through the institutional transformation of social and labor relations during the periods of technological re-equipment of industries and industrial complexes. In theory and methodology, the article is based on Karl Marx’s well-known law of the correspondence of relations of production to the level and nature of the development of productive forces. It draws attention to the fact that, when technological changes (which are nothing more than the development of productive forces in the social and labor sphere) are introduced, employees’ resistance to changes arises. The reason for the resistance lies in the fact that the social and labor (production, according to Marx) relations that had developed by the time the changes were introduced collide with the technologies being introduced (productive forces). In order to reduce the potential of employees’ resistance to changes, the article proposes the following: when managing the implementation of changes, a recommendation is to exert managerial influence on the established institutions of social and labor relations, too. The transformation of the latter, which aims at resolving the arising objectively determined contradictions, will, as follows from the logic of Hegel, contribute to the technological development of enterprises, which, according to Joseph Schumpeter’s concept, will also ensure economic growth. Social and labor relations are influenced through the reproduction of the workforce, expressed in employees’ better qualifications, which, according to the theoretical provisions of Professor Aleksandr Bychkov, ensures the growth of human capital. Based on the provisions of the classical school of political economy, the concept of development of Schumpeter, the logic of Hegel, and the theoretical provisions of Bychkov, the article proposes a methodological scheme for the institutional transformation of social and labor relations. The scheme aims at resolving objectively determined contradictions between productive forces and social and labor relations, which will ensure technological development and economic growth.


2015 ◽  
Vol 5 (1) ◽  
Author(s):  
Kai Lyu

AbstractThis is a reply to Ortiz, Horacio’s article: A Comment on “The Institutional Transformation of China’s Stock Exchanges: A Comparative Perspective” by Kay Lyu.


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