China’s cautionary tale

by admin on August 22, 2010

China’s cautionary tale
Will the 21st century belong to China? For a while, perhaps — but only in the sense that it was said to belong to Japan in the 1980s. Looking back now, that seems ridiculous, but at the time best-selling books were predicting that Americans, not to mention the rest of the planet, would be reduced to virtual serfdom by the relentless high-speed growth of the Japanese economy. Then it stopped …

Read more on The Japan Times

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