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Utopia Talk / Politics / Japan is going to the world's sole Super
| Thu Apr 01 02:05:23|
Remember when everyone thought this?
| Thu Apr 01 02:44:38|
JAPAN MAY STILL SURPASS U.S. TO BECOME LEADING ECONOMIC POWER BY THE YEAR 2000
Reviewed by Ronald E. Yates, a financial writer who served 8 years as the Tribune's Tokyo bureau chief
Measured by current exchange rates, Japan surpassed the U.S. in 1993 to become the world's largest manufacturing economy.
- Japan jumped from 6th to 2nd in per-capita income between 1989 and 1993.
- Japan's net national savings totaled $819 billion in 1993. As calculated by the Paris-based Organization for Economic Cooperation and Development, this represented 56 percent of the industrialized world's savings. By contrast, the savings in the U.S. came to just $75 billion, or only 5 percent of the industrial world's total.
Not a Japanese conspiracy, mind you, but an American conspiracy. High-minded Americans in the economics profession and the media have been consistently trying to keep the world safe for utopian free trade, Finkleton argues.
In attempting to do that, they have blindsided the American public about the reality of East Asia's superior, Confucian-based system of economics. It's a system of largely non-confrontational economics that is not only responsible for a new brand of East Asian mercantilism but also for what Finkleton is convinced will allow Japan to overtake the U.S. in just five years.
| Thu Apr 01 02:55:29|
Who cares? Demograhically it never made sense with less than half the population and decreasing.
China is the biggest threat now as their PPP GDP is much higher than ours and the GNP is catching up.
| Thu Apr 01 02:56:03|
Sandal wearing goldfish tenders....
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