150111 VO Introduction to Japanese Economy and Management (2023W)

Japan is one of the largest, most developed and dynamic economies in the world. Within an exceptionally short period of time, Japan industrialized and achieved economic prosperity in the process of opening up to the world (starting with the Meiji Restoration, 1868). With its “miraculous” recovery from the ashes of the Second World War, Japan soon rose to the position of an economic superpower. It was the world’s second largest economy from 1968 to 2010 and is currently ranked third. The country has a well-educated, industrious workforce, and its affluent population makes it one of the world’s biggest consumer markets.
The economic development of Japan and its position in the global markets has evoked different reactions over time. A lot can be learned from Japan's experience of industrialization, policy-interventions and the dynamism of entrepreneurs during the Meiji era. For many observers of the post-war era, distinctive Japanese management practices became a major explanatory factor for the economic miracle. Japanese management was widely seen as a role model for the West, at least until the 1990s, when the same features were made responsible for the “lost decade” and protracted recovery.

—AIM—
The aim of this (introductory) lecture series is to provide a sound basic understanding of Japan’s economic features, as well as of the history of Japan’s economic development. The lecture further examines distinctive characteristics, such as management practices in the areas of human resources and production. This should enable students to independently assess current developments in Japan, recognize similarities between Japan’s experience and today’s emerging markets, and provide insights that could be useful for working or doing business in Japan. The lecture series intends to nurture interest so as to encourage self-study to further deepen knowledge.

—METHODS—
The lectures are planned to be held in-person and on-site, supported by materials on the e-learning platform moodle.
Currently, the lecture series is divided in three sessions (as announced on this page and the moodle platform).
The teaching language is English. German or Japanese language skills are not required.