Sunday, October 19, 2008

Contextualizing Anne Alison's sarariman...

"Between 1986 and 1991, Japan had expanded by roughly the equivalent of France’s gross domestic product, then $956 billion. Japan was also outshining the United States, whose consumers bought most of its products and whose military provided its protection. In fact, its rise seemed to coincide with America’s slide...Then the double bubble turned into double trouble when both burst at the same time...The notion of Japan as a threat, a ninja-like adversary along the lines that Michael Crichton described in “Rising Sun,” suddenly seemed silly. No one worries much about Japan taking over the world today. When we wring our hands, it’s China we fear." Read the entire article here.

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