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Journal cover: Journal of Asia Business Studies

Journal of Asia Business Studies

ISSN: 1558-7894

Online from: 2007

Subject Area: Regional Management Studies

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Twentieth century models for the twenty-first century: models of fast growing firms and industries in the twentieth century for fast growing firms and industries in the twenty-first century


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Title:Twentieth century models for the twenty-first century: models of fast growing firms and industries in the twentieth century for fast growing firms and industries in the twenty-first century
Author(s):W. Mark Fruin, (Professor at the Department of Organization and Management, College of Business, San Jose State University, San Jose, California, USA), Masao Nakamura, (Professor at the Sauder School of Business, University of British Columbia, Vancouver, British Columbia, Canada)
Citation:W. Mark Fruin, Masao Nakamura, (2012) "Twentieth century models for the twenty-first century: models of fast growing firms and industries in the twentieth century for fast growing firms and industries in the twenty-first century", Journal of Asia Business Studies, Vol. 6 Iss: 2, pp.160 - 175
Keywords:American models of corporate, industrial and econo, Economic development, Japan, Japanese models of corporate, industrial and econo, Late development, Models of and models for development, Rapid development, United States of America
Article type:General review
DOI:10.1108/15587891211254380 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Abstract:

Purpose – This paper aims to present a general review of the circumstances of America and Japan's rapid corporate, economic and industrial development in the twentieth century.

Design/methodology/approach – The approach considered and evaluated how the circumstances of America and Japan's growth might apply to China and India, two of the fastest growing economies of the twenty-first century.

Findings – The findings suggest that both America and Japan might be considered exceptional cases and, as such, neither one might be regarded as a good model for emulation. However, the circumstances of Japan's rapid growth appear closer to those of contemporary China and India and on that basis the authors suggest that Japan might be a better model for emulation.

Originality/value – The American model is too novel and unlikely to be imitated, replicated or repeated whereas Japan's high population density, agrarian origins, state assisted and administered development, adaptation and hybridization of local and imported methods and technologies, kinship, pseudo-kinship and locality based business groupings, and rapid, come-from-behind charge toward industrialization, urbanization and international emergence, all suggest that Japan offers a more relevant and useful development model.



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