Get RSS FeedWill China be another Japan? (2)
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07/07/2008 - posted by marcus
My view from here…
Seems like the East likes to keep their doors tight in order to maintain their self-sustainability and culture. Sure there may be some rough times here & there but, in the end, they can say they didn’t rely (greatly) on anyone else.
Seems like the West wants open, free, & globalized economies in order to profit and have “long-term economic prosperity” (immense greed).
Be careful what you give the East & encourage them to do…nearly HALF the WORLD POPULATION is over there…
There’s a lot of fundamental thinking to be changed and economic restructuring desperately needed in our civilization.
Japan has struggled with a decade of stagnation. There is relevance in considering Japan’s problems with respect to China’s economic prospects going forward. This is the second of a two-part study.