Japanese Fax Industry (MOC, Monday, Week 3)
microeconomics-of-competitivenessyear-twoOn calling his parents in graduate school to ask for money:
"It was Berkeley in 1968 --- can you imagine what the money was used for?" -- H. Takeuchi
Japanese maxim about quality:
kei haku tan sho = light, thin, short, small
Protectionist policies (tariffs, etc.) often end up reducing rivalry among domestic producers. Usually bad if you actually want to an industry to export stuff...
Japanese MITI/aggressive targeting of specific industries => didn't work that well; lots of cases where "strategic" industries didn't get off the ground (aerospace). Fax was not encouraged OR discouraged.