Anthony posted:
>In stark contrast licensing controls rigidly enforced by
>the Ministry of Finance during the same period to prevent new
>entry--domestic or foreign--stifled competition and retarded
>innovation throughout Japan's highly segmented financial services
>industry. The consequences, as Professor Porter points out, have
>been devastating.
Well, it seems to me that it's a good thing that there had been
little competition & innovation is Japan's financial service
industry. Japan's economy tanked as soon as it got a little
innovative in zaiteku....
>In a word, Japan has no market for experienced workers.
<snip>
>Because no lateral hiring exists except
>for marginal positions, corresponding legal and social protections
>have developed to ensure against termination without significant
>cause.
I'm afraid that when Japan develops a "market for experienced
workers," workers will lose protections against termination without
significant cause. "Innovative" corporate CEOs, think-tank
intellectuals, etc. have been arguing for this very trade-off for the
last couple of decades.
Yoshie
