Contemporary Japanese capitalism differs from capitalism in the West in terms of labor-management relations and the length of time Japanese workers work for a particular company.

Question

Quizplus · Accepted Answer

Contemporary Japanese capitalism is characterized by more cooperative labor-management relations and a tendency for workers to remain with one company for much longer periods, often their entire career, compared to the more fluid labor market and often adversarial labor-management relations seen in Western capitalism.

Contemporary Japanese Capitalism Differs from Capitalism in the West in Terms