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Category Archives: Global economy
A message to Japan Forum members
My offer to debate the “basket case Japan” story has generated more heat than light at the National Bureau of Asian Research’s Japan Forum. As a matter of policy, I do not participate in online forums but, as friends have … Continue reading
Posted in American decline, Book reviews, Global economy, History, Japan, Manufacturing, Trade
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Would a debate solve anything?
Although my proposal to hold a debate on Japan’s “lost decades” story has met with considerable support, some people have demurred. Would a debate on the Japanese economy really solve anything? One correspondent at a major American university seems to … Continue reading
Posted in Global economy, History, Japan, Press
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More reactions to my debate initiative
My call for a debate on Japan’s “lost decades” story continues to make waves and many well-placed observers have written in support. I have obtained permission to pass on the comments below. From an investment banker in the United States: … Continue reading
Posted in Global economy, History, Japan, Press
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Japan’s “slump”: editorial page article from The Guardian
Britain’s Guardian newspaper ran an editorial page article last year that closely supported the Fingleton analysis of Japan’s “slump.” Among the many expressions of support I have had since I posted a blog article at theatlantic.com last week on … Continue reading
Posted in American decline, Global economy, History, Japan, Manufacturing, Press
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The truth of Japan’s “slump”: An invitation to a debate
For years I have held that Japan’s “slump” is a media myth. I have twice in the past extended an invitation to the principal proponents of the slump story to join me in a live one-on-one debate. I have had … Continue reading
Posted in Global economy, History, Japan, Press, Trade, Uncategorized
Tagged alexander kinmont, american decline, arthritic japan, bill emmott, can japan compete?, current account, debate, edward lincoln, gillian tett, japanese slump, kenneth courtis, lost decades, manufacturing, michael e porter, myth, paul krugman, peter tasker, richard katz, robert alan friedman
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America’s bases: collateral damage for the US economy
America’s foreign military bases are bad business. (This article first appeared in the January 2011 issue of the American Conservative.) TOKYO. When German executives visit Tokyo, they are often treated to a session at Bernd’s Bar, a notably authentic German pub. … Continue reading
Posted in Global economy, History, Japan, Trade, Uncategorized
Tagged american decline
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Evening in America
I have been reading two new books on trade (this review was first published in the December 2010 issue of the American Conservative). The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the … Continue reading
Germany: The big engine that could
When the global economic crisis began in 2008, many commentators predicted Germany would be among the worst hit. As I show in this article — first published in the American Prospect — Germany has in reality excelled not only in … Continue reading
How the press stabbed Detroit in the back
In a new article for CounterPunch, I show that, by failing to blow the whistle on protectionism in key foreign markets, the American press shares blame for Detroit’s implosion. For decades East Asian competition has played a controversial role in … Continue reading
I told you so (cont’d)
In 1999 I wrote a book that foreshadowed the collapse of America’s New Economy stock boom. I went on to publish a paperback version with a new introduction — an introduction whose prescience has also stood the test of time. … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Service economy, Trade
Tagged "trade-deficits-don't-matter", alan abelson, alfred eckes, allan sloan, bertelsmann, chalmers johnson, devaluation, greenspan, hollings, jim grant, john cassidy, lexisnexis, marshall auerback, ohmae, optical fiber, ottoman, pat buchanan, pat choate, robert heller, tariffs, unsustainable
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