JTMGE Vol. 4 No. 1 (April 2013)
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Browsing JTMGE Vol. 4 No. 1 (April 2013) by Author "Chihiro Watanabe"
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Item Co-emergence of Institutional Innovation Navigates the New Normal in Growing Economies(Chitkara University Publications, 2013-04) Weilin Zhao; Chihiro Watanabe; Yuji TouIncreasing fear of the global simultaneous stagnation derived from the Euro-crisis together with the New Normal in growing economies reveals the limit of individual strength leading to the significance of fusion with global best practices. Dramatic advancement of the Internet has enabled consumers in any nation to choose and learn from world’s strongest suppliers. Both trends inevitably necessitate co-emergence of institutional innovation between suppliers and consumers for sustainability. On the basis of an empirical analysis comparing institutional systems in 100 nations, this paper demonstrates the significance of this co-emergence thereby navigating the New Normal in growing economies.Item Government’s Catalytic Role in Emerging Economy: Critical Comparison of China’s Conspicuous Strength in Wind and Solar Industry(Chitkara University Publications, 2013-04) Narasimalu Srikanth; Chihiro WatanabeIn light of a conspicuous strength in China’s solar and wind industry in recent years this paper analyses the catalytic role of the government in inducing the institutional source of its strength. Critical comparison of the two industries show China’s renewable energy policies for wind industry was more effective than the solar industry through adopting a self-propagating functionality development through fusing the external technology with domestic industries know-how to co-evolve both production and diffusion through effective assimilation. This suggests a new insight for growing economy to devise effective policy framework to develop a globally competitive industry