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Japan has long occupied a unique place in East Asia and continues to do so in an era of increased global interconnectivity. Beginning with the Meiji Restoration (1868), it became the first in the region to make a decisive, sustained, and highly successful attempt to “modernize” its political, economic, and social structures, thereby largely avoiding Western domination. This particular historical trajectory built directly on social foundations laid during the prolonged closure of the Tokugawa period and largely allowed Japan free reign to craft its own version of modernity, educational and otherwise. One result of this conscious, directed process of “catch-up” was an impressive “compression” of the transition to modernity – a phenomenon that had stretched out over hundreds of years in most Western countries – to little more than a half century (Kariya, 2010); a feat unmatched by any country in the first half of the twentieth century. Following the devastation of the Second World War, Japan redoubled its efforts to “catch-up” and through a combination of high birth rates following the war, export-driven economic growth leading to an explosion of manufacturing jobs, a commitment to egalitarian growth and full employment, and the creation of an educational meritocracy that meticulously selected the country's best and brightest, the country quickly moved up the value-added chain until, by the early 1980s, the Japanese economy was globally dominant (Katz, 1998; Okita, 1992). As such, by the 1980s, Japan became unique, first, in being the only country in the region whose social conditions facilitated genuine comparison with the “advanced” countries of the West and, second, a model for “modernization” that other countries in the region could emulate, first the four Asian Tigers and then (although rarely explicitly) China in the post-Mao “Reform and Opening” period (Rappleye, 2007; Kojima, 2000).

Several parameters set economic growth, and one of them is innovation. Thus, it is vital to realize the proper motives for a firm to innovate. The key actors in innovation systems – such as firms, research institutions, academia, and standards developing communities – affect knowledge ­creation, contribute to its diffusion and use, and set the global innovation capacity. Additionally, the market-driven and the worldwide open paradigm may aid to ensure stable and reliable integration, interactive abilities, and active collaborations to drive international innovation and its ­concepts forward. The World Trade Organization (WTO) is an international organization that assembles principles to produce such standards as mentioned above, so as to ensure a prosperous future globally. Global cooperation, openness, interaction, and the generation of motives for innovation are some of the principles that WTO embraces, and all of these are to benefit humanity from free market and trade growth, leading to triumph through innovation. Overall, this chapter examines the significant role of WTO in trade policy uncertainty and how innovation is ensured and stimulated by WTO regarding the specific case of the Chinese market.

This chapter addresses issues within the marketing orientation business in Russia and identifies the demand for marketing models to increase consumer orientation. The chapter reveals the approaches used to organize effective marketing models including national business-specific features.

The authors show the importance of the marketing frameworks in emerging markets. A number of conclusions have been drawn on the most popular marketing tools.

Digitalization has a profound impact on economies as a whole, and on sectors, businesses, and daily life. Digitalization is possible through development of a variety of digital technologies which led to creation of digital products and services in almost every sector. Almost all sectors benefit from digital technologies; however, there are also challenges about digitalization which encounters conflicts. These conflicts are either macro-level or related to digitalization of business processes. With efficient functioning of governmental policies, macro-level conflicts could be diminished or prevented. Conflicts arising from business process could be avoided by improvement of business relations.

The objective of this chapter is to discuss how different techniques in Regional Science and Peace Science and the emerging techniques in Management Science can be used in analysing Disaster Management and Global pandemic with special reference to developing countries. It is necessary for me to first discuss the subjects of Disaster Management, Regional Science, Peace Science and Management Science. The objective of this chapter is to emphasise that the studies of Disaster Management should be more integrated with socioeconomic and geographical factors. The greatest disaster facing the world is the possibility of war, particularly nuclear war, and the preparation of the means of destruction through military spending.

This study presents evidence on the relations of stock market performance and industrial production growth for a group of 20 industrial markets. Evidence supports the notion that an increase in stock returns or a rise in the market value of stocks contributes positively to industrial production growth. Evidence suggests that stock market risk has a significantly negative effect on production growth for advanced markets. The Granger test finds a unidirectional causality running from stock returns or stock volatility to industrial growth. However, the United States shows a bilateral causality between stock volatility and industrial production growth.

Introduction: Foreign direct investment (FDI) is a deciding factor in the insurance industry’s growth in any nation. Besides, similar socioeconomic conditions, some countries tend to attract more FDI inflows. This chapter focuses on exploring the FDI in the insurance industry in Brazil, Russia, India, China, and South Africa (BRICS).

Purpose: The chapter aims to explore the current situation of FDI in the insurance industry in BRICS member nations and uncover the factors that have led to higher foreign investments in some countries.

Methodology: Using descriptive and comparative approaches, this chapter explains the FDI scenario in the insurance sector of BRICS nations.

Findings: Based on a comparative analysis, the authors observed that deregulation, increased foreign engagement, and adoption of innovative technology and distribution methods are some avenues that could be worked upon to improve FDIs in the Indian insurance sector.