Developments in the Japanese Political Economy since the mid‐1980s

THE DECADE FROM THE LATE 1970s TO THE LATE 1980S, WHICH BEGAN with the birth of the Thatcher and Reagan administrations and concluded with the fall of communist regimes throughout Russia and Eastern Europe, and the concurrent rise of the Asian NIES states, was the renaissance era of laissez-faire economic liberalism or neoliberalism. ‘Privatization’, ‘deregulation’, and ‘small government’ became popular slogans globally, borrowed heavily from the policy proposals of neoliberal economists such as Milton Friedman and Friedrich Hayek. It was best manifested in the world-wide trend towards privatization, involving more than one hundred countries

Communism · Deregulation · Economic history · Economics · Economy · Government (linguistics · Laissez-faire · Liberalism · Market economy · Neoliberalism (international relations · Political economy · Political science · Politics · The Renaissance · Washington Consensus · Asian Industrial and Economic Development · History · Japanese History and Culture · Law · Social Policy and Reform Studies