Debates regarding corporate governance have become increasingly important in Japan as the post-war model of bank-based, stakeholder-oriented corporate governance faces the new pressures associated with globalization and growing investor demands for shareholder value. Bringing together a group of...

All over the world proactive public policy in business is now under siege. Economists and policy-makers claim that the era of `Big Government' is over. However, nobody denies the fact that government has historically played a critical role in modern economic development. Given the profound...