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Akamatsu Waves
[collection article]
Abstract In 1937, the Japanese economist Kaname Akamatsu discovered specific links between the
rise and decline of the global peripheries. Akamatsu’s theory of development describes
certain mechanisms whose working results in the narrowing of the gap between the level
of development of the economy of deve... view more
In 1937, the Japanese economist Kaname Akamatsu discovered specific links between the
rise and decline of the global peripheries. Akamatsu’s theory of development describes
certain mechanisms whose working results in the narrowing of the gap between the level
of development of the economy of developing and developed countries, and, thus, in the
re-structuring of the relationships between the global core and the global periphery.
Akamatsu developed his model on the basis of his analysis of the economic development
of Japan before World War II, with a special emphasis on the development of the Japanese
textile industry. Akamatsu's catch-up development includes three phases: import of
goods, organization of the production of previously imported products, and export of
those goods. This model proved to be productive for analyzing the development of many
other developing countries, especially in East Asia, making the theory of flying geese
popular among the economists of these countries, as well as the whole world. The "flying
geese" model produces certain swings that may be denoted as Akamatsu waves.
Akamatsu waves may be defined as cycles (with a period ranging from 20 to 60 years)
that are connected with convergence and divergence of core and periphery of the World
System in a way that explains cyclical upward and downward swings (at global and
national levels) in the movements of the periphery countries as they catch up with the
richer ones.... view less
Keywords
industrial nation; developing country; economic development (on national level); economic growth; world economy; theoretical economics; business cycle; production; import; export
Classification
National Economy
Free Keywords
empirical international relations theory; core-periphery relations; Kaname Akamatsu; Nikolay Kondratieff; center-periphery cycles; world development; the "flying-geese"; Akamatsu waves; import; domestic production; export
Collection Title
Oxford Research Encyclopedia of Politics
Document language
English
Publication Year
2017
Publisher
Oxford Univ. Press
City
New York
DOI
https://doi.org/10.1093/acrefore/9780190228637.013.677
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 1.0