Contents: Preface -- 1. Introduction and overview / Dongchul Cho, Takatoshi Ito and Andrew Mason -- Part I Aging, industry maturation and Japanization -- 2. Japanization: is it spreading to the rest of the world? / Takatoshi Ito -- 3. GDP growth from the perspective of demographic change: will...

Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to describe long-term stagnation and deflation. Symptoms include...

1. The sixth Lord Robbins memorial lecture : reform of the international monetary system / Robert A. Mundell -- 2. The state of the world economy / introduced by Paul A. Samuelson -- 3. The euro in Europe and the world / introduced by Christopher Johnson -- 4. Monetary policy and economic growth...