@article{oai:nagano.repo.nii.ac.jp:00000328, author = {Ihara, Hisamitsu}, issue = {1}, journal = {長野大学紀要, BULLETIN OF NAGANO UNIVERSITY}, month = {Jun}, note = {application/pdf, This article is based on the lectures made in February and March 1999 at Budapest University of Economic Sciences. The lectures can be divided into two parts: (I). The Japanese Management System (JMS) and (II). The Asian Economic Crisis. The first part begins with a brief historical review and summary of major characteristics of JMS. The major characteristics of JMS comprise the "three sacred treasures" of lifetime employment, seniority system and enterprise union, as well as other characteristics such as onetime recruitment, in-house education, bottom-up decision making, employee welfare programs and collective/family-oriented culture. The emphasisis placed on the inter-relationship of those characteristics. The chart named "the Diamond of JMS (Figure 2)" is given to illustrate how tightly those characteristics of JMS are related and linked with each other. The first part also refers to the reasons for the success of JMS and its possible transformation in the future. The second part discusses the recent Asian economic crisis with regard to the U.S and Japanese economic policies. The main argument is a change in the U.S. economic policy (Figure 5). The U.S. government has been working more for the benefit of tertiary industries such as Wall Street and internet business since 1995. As a result, the strong dollar and high interest rate have been maintained to welocme the money from all over the world. The reasons for and the results of the Asian economic crisis are given along with this change in the U.S. economic policy. The first and second parts of this article are summarized separately but are closely related. This is because the characteristics of JMS have been working more effectively in the secondary industries and the future of JMS depends on how the Japanese companies can transform them into the economic changes from the secondary industries to the tertiary ones.}, pages = {20--36}, title = {Japanese Management and Asian Economic Crisis}, volume = {21}, year = {1999} }