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Japan’s Economic Resurgence and Midium- and Small-Sized Businesses with the Monozukuri Spirit

Kim Do-hun 1

1한인산업기술협력재단 일본기업연구센터

Candidate

ABSTRACT

Japan has been expanding its economy after its long economic recession whose background of the drive can be found in small- and medium-sized businesses that have strived to achieve their success based on the Japanese traditional spirit, Monozukuri. The companies have fought the price competition based on low-cost labor of Asian countries including China with high value-added products developed through the process of R&D, resulting in the final products from Japan to be the high value-added products in the world market. Through the study of several Japanese small- and medium-sized manufacturer cases, this paper will present the current management of Japanese manufactures, seek the findings applicable to the companies in Korea where the aversion by young people to work in the small- and medium-sized companies has been deepening, and furthermore emphasize the necessity for fostering the small- and medium-sized companies with Korea’s own Monozukuri spirit that are suited with Korea’s distinctive qualities and history.

Citation status

* References for papers published after 2022 are currently being built.