Abstract
In premodern times people lived with nature’s cycle—what can be called the “path of nature” or the “soft path.” Then Great Britain, the United States, other parts of Europe, and Japan attained modernization and industrialization by pursuing the “path of mechanization and automation” or “the hard path” in the century and a half or so after the Industrial Revolution. That path has brought them to great material affluence, but also created environmental problems worldwide, as well as deterioration in the vitality and quality of society.
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© 1992 Springer Science+Business Media New York
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Nagatomi, Y. (1992). The Financial System and Global Socioeconomic Structural Changes. In: Edwards, F.R., Patrick, H.T. (eds) Regulating International Financial Markets: Issues and Policies. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3880-2_4
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DOI: https://doi.org/10.1007/978-94-011-3880-2_4
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5727-1
Online ISBN: 978-94-011-3880-2
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