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Article: Will the 21st century belong to Japan?
- Article from:
- USA TODAY
- Article date:
- May 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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". . . Challenged by forces from within and outside, Japan may see its economic lead threatened and its future shadowed and complicated."
A QUARTER of a century ago, America commanded almost 46% of the world's Gross National Product. In international commerce, it enjoyed a monopoly in most manufacturing exports. In technology, the U.S. invented most advances, from the jet plane to the computer, and pioneered the transition from an industrial to information society.
Things sure have changed. Diminishing economic horizons, fewer jobs, stagnating real income, faltering living standards, escalating health care costs, a ballooning national deficit, and ...