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I am doing a report on Japan and I can't fing an answer that I can undersand.

2007-03-02 05:48:21 · 3 answers · asked by dogs rule 1 in Arts & Humanities History

3 answers

"Guided capitalism" means that the economy is largely in private hands but the government exerts strong influence over how the economy will work. In contemporary Japan the Ministry of Economy, Trade and Industry (METI) is the main vehicle whereby government policy guides the actions of private (capitalist) enterprise.

2007-03-02 06:54:02 · answer #1 · answered by CanProf 7 · 1 0

Guided capitalism is late-stage capitalism (like during the 20th century), when Western powers ensure that the economy of another country (like Japan) stays on a steady and clear path towards capitalism

2007-03-02 06:29:18 · answer #2 · answered by crzywriter 5 · 0 0

" 'Guided capitalism' is Robert Heilbroner's phrase for post-war capitalism, different from earlier stages because western governments are much larger and government fiscal and monetary policy have prevented recessions from becoming depressions. I then divide the system of guided capitalism into two eras, as growth slowed, inequalities grew, and preventing inflation came to overshadow creating jobs."

2007-03-02 14:57:52 · answer #3 · answered by Astrogurlie22 2 · 1 0

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