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Information Technology Innovation and the Japanese Economy,New
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The notion that innovation in information technology could spark a revitalization of the Japanese economy became a hot topic in 2000, and the Japanese government announced an eJapan Strategy for creating a 'knowledge emergent society' in January 2001. However, just when a consensus seemed to be emerging regarding the importance of IT innovation in Japan, the country's IT industries were deeply influenced by a recession that originated in the U.S. Although economic conditions have improved, strong ITdriven economic growth in Japan has not bounced back.Using a newly constructed set of data, this book examines how the Japanese economy has been affected by advances in information and communications technology, and whether Japan's experience with IT advancement was a shortlived bubble or part of a truly revolutionary change in the Japanese economy that will lead to longterm growth. The authors discuss similarities and differences between Japan's experience with IT innovation and that of the United States, where IT is thought to have played a major role in stimulating the economy.
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