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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.
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.
- 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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