---

The aim of this book is to evaluate accurately economic development mechanism and to extract valuable lessons from a comparison of the economic development of Japan and that of Germany. The book covers an extensive range of economic issues: (1) macro-economic factors: capital, labor, technology; (2) macro-economic policies: financial, monetary, industrial; (3) external shocks to both economies: oil crises, exchange rate fluctuations, environmental problems; (4) development processes of major industries: steel, chemicals, and automobiles. The analyses with this systematic and comprehensive approach provide useful insights for the general reader as well as guidelines for developing countries and for Eastern European countries in transition.

---

I Background of Japanese and German Economies.- 1. Historical and Cultural Background.- 1.1. Japan´s Historical and Cultural Background.- 1.1. Germany´s Historical and Cultural Background.- 2. Immediate Post-war Situation.- 2.1. Japan´s Immediate Post-war Situation.- 2.2. Germany´s Immediate Post-war Situation.- II Economic Development after World War II.- 3. Phases of Economic Development.- 3.1. Japan´s Phases of Economic Development.- 3.2. Germany´s Phases of Economic Development.- 3.3. Comparative Summary of Economic Development Phases.- 4. Political and Social Systems.- 4.1. Japan´s Political and Social Systems.- 4.2. Germany´s Political and Social Systems.- 4.3. Comparative Summary of Political and Social Systems.- 5. Factors of Production: Capital.- 5.1. Japan´s Factors of Production: Capital.- 5.2. Germany´s Factors of Production: Capital.- 5.3. Comparative Summary of Factors of Production: Capital.- 6. Factors of Production: Labour.- 6.1. Japan´s Factors of Production: Labour.- 6.2. Germany´s Factors of Production: Labour.- 6.3. Comparative Summary of Factors of Production: Labour.- 7. Factors of Production: Technology.- 7.1. Japan´s Factors of Production: Technology.- 7.2. Germany´s Factors of Production: Technology.- 7.3. Comparative Summary of Factors of Production: Technology.- III Economic and Social Policies and Corporate Systems.- 8. Fiscal and Monetary Policies.- 8.1. Japan´s Fiscal and Monetary Policies.- 8.2. Germany´s Fiscal and Monetary Policies.- 8.3. Comparative Summary of Fiscal and Monetary Policies.- 9. Competition Policy.- 9.1. Japan´s Competition Policy.- 9.2. Germany´s Competition Policy.- 9.3. Comparative Summary of Competition Policy.- 10. Trade and Capital Transaction Policies.- 10.1. Japan´s Trade and Capital Transaction Policies.- 10.2. Germany´s Trade and Capital Transaction Policies.- 10.3. Comparative Summary of Trade and Capital Transaction Policies.- 11. Industrial Policy.- 11.1. Japan´s Industrial Policy.- 11.2. Germany´s Industrial Policy.- 11.3. Comparative Summary of Industrial Policy.- 12. Social Policy.- 12.1. Japan´s Social Policy.- 12.2. Germany´s Social Policy.- 12.3. Comparative Summary of Social Policy.- 13. Corporate Systems.- 13.1. Japan´s Corporate System.- 13.2. Germany´s Corporate System.- 13.3. Comparative Summary of Corporate Systems.- IV Challenges and Responses towards Important External Shocks.- 14. Oil Shocks.- 14.1. Japan´s Oil Shocks.- 14.2. Germany´s Oil Shocks.- 14.3. Comparative Summary of Oil shocks.- 15. Exchange Rate Changes.- 15.1. Japan´s Exchange Rate Changes.- 15.2. Germany´s Exchange Rate Changes.- 15.3. Comparative Summary of Exchange Rate Changes.- 16. Environmental Problems.- 16.1. Japan´s Environmental Problems.- 16.2. Germany´s Environmental Problems.- 16.3. Comparative Summary of Environmental Problems.- V Development in Selected Industrial Sectors.- 17. Chemical Industry.- 17.1. Japan´s Chemical Industry.- 17.2. Germany´s Chemical Industry.- 17.3. Comparative Summary of the Chemical Industry.- 18. Steel Industry.- 18.1. Japan´s Steel Industry.- 18.2. Germany´s Steel Industry.- 18.3. Comparative Summary of the Steel Industry.- 19. Machine Tool Industry.- 19.1. Japan´s Machine Tool Industry.- 19.2. Germany´s Machine Tool Industry.- 19.3. Comparative Summary of the Machine Tool Industry.- 20. Automobile Industry.- 20.1. Japan´s Automobile Industry.- 20.2. Germany´s Automobile Industry.- 20.3. Comparative Summary of the Automobile Industry.- 21. Consumer Electronics Industry.- 21.1. Japan´s Consumer Electronics Industry.- 21.2. Germany´s Consumer Electronics Industry.- 21.3. Comparative Summary of the Consumer Electronics Industry.- Epilogue.

---