Dualism of Japanese Economy and the Post-War Keiretsu System

Authors

  • Николай Львович Дружинин St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Abstract

The article is devoted to institutional analysis of the keiretsu - the key economic system of the post-war Japan. Emerging of such effective form of business interaction was connected with a various institutional factors which are the subject of the present research. Dualism of Japanese economy, life-time employment system, relational contracting, special practice of professional education and other rules and traditions have created favourable conditions for emerging of keiretsu system. Inter-institutional relations have also played the important role that has allowed to reduce transactions costs within this system and to achieve higher efficiency. In the result, keiretsu appeared to be a proper way of economic interaction in the framework of mixed economy.

Keywords:

economic history of Japan

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Author Biography

Николай Львович Дружинин, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

кандидат экономических наук, доцент

References

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References in Latin Alphabet

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Translation of references in Russian into English

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Published

2008-06-30

How to Cite

Дружинин, Н. Л. (2008). Dualism of Japanese Economy and the Post-War Keiretsu System. St Petersburg University Journal of Economic Studies, (2), 034–041. Retrieved from https://economicsjournal.spbu.ru/article/view/4046

Issue

No. 2 (2008)

Section

The history of economic growth and economic thought

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.