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Article: Make way for Japan.
- Article from:
- The American (Washington, DC)
- Article date:
- July 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 The American, a Magazine of Ideas The American, a Magazine of Ideas. 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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All eyes have focused on China lately, but Japan's economy is nearly twice as large. More important, the 'lost years' of economic stagnation are over.
Japan is back, and Japan is different. ROWAN CALLICK looks at why Japan changed, its new reform spirit in economics and politics, and its relations with the U.S. and with its obsession, China.
WITH ALL OF the fear, loathing, and envy directed by many Americans toward China--the world s factory, selling 1 percent of its entire gross domestic product to Wal-Mart alone--it is getting harder to remember that just 20 years ago it was the economic rise of another Asian country that was inspiring an even greater ...