Looking at the Sun: The Rise of the New East Asian Economic and Political System (Paperback)

~ (Author)

Editorial Reviews

From Publishers Weekly

Suggesting that the U.S. does not yet comprehend the ramifications of the new form of capitalism developed in Japan, Fallows, a reporter on Asia for the Atlantic Monthly and other periodicals and author of the American Book Award-winning National Defense , details them. It is this style of capitalism, rather than communism or fascism, that challenges us now, he shows. Much of Fallows's review of Japanese history and development is familiar, but his insights and scope are fresh and commanding. The purpose of economic policy in the U.S., he maintains, is to stimulate individual spending; in Japan, economic policy rewards the producers rather than the consumers and is intended to make the nation strong and invulnerable. Fallows argues that not every nation's economic policy will or can follow the American model; Japan has introduced a different and successful model and we should learn from it.
Copyright 1994 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

In the past decade hundreds of books have been published about Japan, ranging from the idolatrous-sounding Japan from Shogun to Superstate (St. Martin's, 1988) to the frankly negative theme of Michael Crichton's Rising Sun (Knopf, 1992). In contrast, Fallows ( National Defense , LJ 6/1/81) demonstrates how the Japanese economic system differs from the West's and explores some of the historical reasons for these disparities. Fallows takes Americans to task for assuming that all people and cultures are essentially the same. Westerners, he asserts, use "the wrong mental tools to classify, shape, and understand the information they receive about Asia." For example, we "know" that government intervention interferes with business efficiency, but Tokyo intercedes actively in the Japanese economy. Fallows posits the thesis that the postwar American occupation influenced Japan in ways the United States is only beginning to analyze. Succinctly, the United States did the fighting and made the big decisions; Japan concentrated on economic growth. This worked well until the Cold War ended and Japan's economic might began to outstrip the West's. The author concludes by saying that economic competition is not a matter of right or wrong, but it favors those who make their own luck. Fallows has written a lively and well-researched book. Recommended for any library whose patrons are interested in contemporary Asia.
- Mary Chatfield, Angelo State Univ. Lib., San Angelo, Tex.
Copyright 1994 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 544 pages
• Publisher: Vintage (June 24, 1995)
• Language: English
• ISBN-10: 0679761624
• ISBN-13: 978-0679761624
• Product Dimensions: 8.4 x 5.5 x 1.5 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #1,220,001 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

11 of 12 people found the following review helpful:

5.0 out of 5 stars Still Relevant, March 14, 1999

By A Customer

This excellent book describes the fundamental differences between Asian and American capitalism. Illustrating his arguments with personal narratives, James Fallows argues that Japan is setting an Asian model of capitalism that Western policymakers fail to grasp. Thus, when the Wall Street Journal talks about Asian nations needing to raise consumer spending, the newspaper fails to take into account the fundamental differences. Fallows contends that this failure holds signifcant policymaking concerns for America. One could argue that the collaspe of the Asian markets renders their system invalid, but the Asians remain firm to their model to this day, despite IMF (American) attempts to change their minds. Fallows dives into an area that America frequently fails to consult in making policy decisions: history. Looking at the Sun is still an excellent and relevant read for anyone intrested in Asian affairs.

4 of 6 people found the following review helpful:

4.0 out of 5 stars Flat earthers..., April 17, 2006

By	Frank S. Fang "Author of 'China Fever'" (Chicago) - See all my reviews

People are chasing "The world is flat" instead of "Looking at the Sun"...but this book gives you more cultural background information and analytical thinking.

4.0 out of 5 stars Dated, yet a varying view on Asianomics, April 7, 2009

By	graphic_persona "g_p" (NY,NY) - See all my reviews

Good insights into the non-Western concpets of economics as they have been applied in the East. Copious notes for reference to offer validity to the theorems. Personal experience stories, while irrevrent at best, offer more specific narrative to overall theme.

Points simply for pointing out 'other' economic models and for depth and breadth of societies covered; if inclusion of so many proves to be a handicap in adequate research belivability. Still, a good start for asianomical debate, if more than a decade old.