Francks draws out the historical roots of the institutions and practices on which Japan's post-war economic miracle was based and provides a comparative framework within which the Japanese case can be understood and related to development in the rest of the world. New features for this edition include: Taking a thematic approach, this textbook demonstrates how studying the first example of Asian industrialisation can provide the basis for an alternative, non-western narrative of development. As it such is an important resource for undergraduate and postgraduate courses on the Japanese economy, as well as comparative economic development and economic history more generally.