Asian Crisis and the Future of the Japanese Model
Asia’s ‘version of capitalism … emphasising not markets but government planning and long-term relationships … is now widely regarded as a problem rather than a solution.’1 ‘Gone are all the self-confident claims about the superiority of Asian values.’2 And Asian gloom is matched by American triumphalism. Markets win. Goethe was right. America has it better.
KeywordsCorporate Governance Liberal Democratic Party Japanese Economy Asian Crisis Socialist Party
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