The MITI and Hi-Technology: Practical Verification of a thesis about Active Role of Government in Japan

Abstract

This article presents an overview of cases of administrative guidance Japan 's Ministry ofInternational Trade and Industry along with Ministry of Finance applied in hi-tech companies after World War II. First (point I) I will examine the role offinancial promotion, then (point 2) I will discuss consequences of protecting ineffective companies and later (point 3,4,5) I will analyse the role of cartels in development of hi-technology. The conclusion is that the role ofthe state in this area was limited.