The paper "Iron Triangle in Japan" is a perfect example of a business case study. After the Second World War, Political economy has taken centre stage in all developed countries in a bid to spark economic development. The decisions made by politicians are expected to contribute positively to the economy at these developed countries on a global scale. The political leaders have involved themselves in economical activities of the country by collaborating with private enterprises from the ‘ Iron Triangle’ . The ‘ Iron Triangle’ is a term used to refer a heuristic tool that is often employed to describe the relationship between government and business that unites the mutual interests of businessmen, politicians and bureaucrats.
The ‘ Iron Triangle’ has produced the best outcome for the inter-institutional cooperation through its policies to enable numerous mergers between politicians and bureaucrats. This essay will evaluate the ‘ Iron Triangle’ in Japan and determine the reasons behind government effort to try to reform the triangle. In addition, the paper will look into the factors that make it difficult to cut the resilience between the politicians and private enterprise. ‘ Iron Triangle’ is a linking strategy between the politicians and financiers in the economy market.
This triangle was formed to initiate the motion of post-war political reform in Japan and the triangle and it mainly consists of the occupation authorities and Japanese conservative politicians (Colignon & Usui 2001, p. 865). The iron triangle has dominated japans politics for decades and the reforms of the iron triangle can be traced back to the post-war period of 1945 -1952 (William 1999, p. 114). During this period, the structural corruption and vague relations between the financiers and the politicians led to the removal of foreign intervention and this move initiated democracy in the country (Smith 1945, p.
47). Before World War II, Japan was ruled by an emperor hence the bureaucrats’ power of regulation was linked to the elite official posts given by the emperor. Civil servants and bureaucrats used to work directly for the emperor also known as Amukadari. The emperor appraised the noble work done by the civil servant and bureaucrats (Colignon & Usui 2001, p. 870). This ancient inter-institutional network of cooperation was the basis for Japan’ s ‘ Iron Triangle’ since it bared friendly regulations and master in reemployment and procure financial gain.
This informal network of inter-institutional cooperation has become a central feature of the Japanese political economy for the past six decades (‘ The establishment’ n.d. , p 216). The Japanese civil servant sector has seen old top-ranked civil servant who had retired being recalled and given a high profile job in public enterprises and government agencies. This process of offering second employment was intensified during the 1960s and 1970s to enable massive development of the economic market in Japan.
As a result, the Japanese economy experienced rapid growth in revenue generation and profit for private and public enterprises. This prompted the government to seek patronage and protection of the public and private sectors through the formulation of new regulations and policies (‘ The establishment’ n.d. , p 215). These policies and regulations were meant to govern all economic activities in the country.
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