Explain how traditional role of the state is being challenge, Other Subject

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Explain how traditional role of the state is being challenge

Problem

The state has always played a major role in managing the Japanese economy as both a patron and a guardian of domestic industry. First, citing specific examples, explain the kinds of policies the state has taken in this regard. Next, explain how this traditional role of the state is being challenged by globalization as well as the current on-going economic recession.

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