What Money Can't Buy

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Thomas F. Cargill, Reno Takayuki Sakamoto

An analysis of the performance of Japan's economic and political institutions from late 1970s to 2007. The authors explain how Japan's flawed response to new economic, political, and technological forces ushered in a lost decade and a half of economic development from 1990. Impressive economic performance in the 1980s masked an "accident waiting to happen" - the collapse in equity and real estate prices in 1990-91. Japan's iron triangle of politicians, bureaucrats, and client industries, combined with a flawed financial liberalization process and policy errors by the Bank of Japan and the Ministry of Finance, brought Japan to an abyss of deflation, recession, and insolvency by the late 1990s. The turning point was the election of Koizumi as prime minister in 2001. The book explores Koizumi's economic reform, new developments in socioeconomic conditions, the politics and economy after Koizumi, and the economic and political challenges facing Japan in the new century.

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Keijiro Otsuka, Deqiang Liu, and Naoki Murakami

This volume is an attempt to explore the success of China's economic reform using studies of specific industries - the clothing, machine tool, and iron and steel industries - supplemented by analysis of official statistics.

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María Eugenia Romero Sotelo

Historical analysis of formative moment in Mexican political thought during first half of 20th century. Identifies influence of Austrian economists such as Von Mises and Von Hayek on Mexican scholars like Luis Montes de Oca, Faustino Ballvé, and Gustavo R. Velasco and other intellectuals and entrepreneurs who objected to interventionist, nationalist policies of Lázaro Cárdenas. Highlights contributions of these thinkers and institutions they founded to disseminate ideas.

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Petri Hottola

This book discusses tourism development in Namibia. It consists of 12 major chapters. Chapter 2 explores the opportunities and challenges of implementing a national tourism policy in Namibia, as perceived by tourism entrepreneurs. Chapter 3 presents the South African experiences for local economic development (LED) in rural route tourism, also a potentially strategic tool for development through tourism in the rest of Southern Africa. Chapter 4 discusses the modernization approach to tourism development, both in theory and practice. Chapter 5 discusses their commoditization in the Namibian tourism promotion, thereby defining their symbolic role in Namibian tourism development policies. Chapter 6 evaluates the applicability of the strategic objectives and government policy in regard to community-based catering services among the Hananwa.^ Chapter 7 analyses the effectiveness of tourism development in the simultaneous achievement of successful nature conservation and better means of subsistence in the Okavango Delta. Chapter 8 analyses the resources and restraints of coastal bird tourism in Namibia. Chapter 9 explores the awareness and responses of the Southern African tourism sector to control HIV/AIDS, and the perceptions on the effects of the disease on its operational environment. The process of mutual learning is, however, a complicated one and has a number of critical points, as described in Chapter 10. Chapter 11 elaborates on the applicability of information and communication technology (ICT) for school-based tourism marketing in Namibia, based on experiences and studies in his former home region, the eastern Caprivi Strip.^ Chapter 12 discuss the possibilities for communities in or close to the park to benefit from its existence, focusing on the partnerships between the Makuleke community, the park's management and the private sector, and on a comparative situation on the Mozambican side in the former Coutada Sixteen National Park. Chapter 13 discusses some of the lessons learned from the Southern African case studies are brought together to outline the current issues of strategic tourism development, in terms of both academic research and applied work in the tourism sector.