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Abe Cabinet's Growth Strategy: Policy Idea, Institutional Change and Seiji-Shudo Policy Governance

Dae-yeob Yoon 1

1대전대학교

Accredited

ABSTRACT

This study explains the discontinuous characteristics of Abenomics by analyzing the policy idea, institutional change and policy governance of Abe's growth strategy. Abe's cabinet, which claims to be the Crisis-Breaking Cabinet, is considered to have archived a different economic outcomes from the previous government. Theses factors can be explained in three aspects: policy idea, industrial legislations and policy governance. Abe cabinet's growth strategy has emerged from the Koizumi government but systematized every year through evaluation and feedback of the reality of the economy and society. In particular, it has enacted an industrial legislations that specifies government-led industrial policy goals and functions, and promotes industrial policies through policy loan and regulatory innovation. In addition, it has a disjointed character in that it strengthened the prime minister-centered Seiji-shudō System and systematized horizontal governance of government ministries and public-private cooperation.

Citation status

* References for papers published after 2023 are currently being built.