Abstracts Health Sciences

The Japanese Business-Oriented Industrial Policy: The Case Study of Medical Robotic Industry

by Meng-Shan Wu

The industrial policy is always regarded as the governmentâs means to promote the economic and industrial development called state-oriented industrial policy. With lack of nature resources, rather than following the law of comparative advantage in the world trend, Japan caught up the West in the postwar era by their own way. The Japanese industrial policy acted as the means to reach the goal of economic development and created the Japanese miracle. With the serious debates after the bubble burst and the corruption of LDP, the Japanese government has become an intermediary in finance and legislation step by step. In addition, the Japanese business has the advantage of technology and increasing power in policymaking process. The Japanese industrial policy transformed from state-oriented into business-oriented and especially presented on advanced technology such as medical robotic industry.