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Looking at the Sun: The Rise of the New East Asian Economic and Political System Paperback – June 24, 1995

by James Fallows (Author)

6 customer reviews

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In a timely, even prophetic, portrait of Asia's rise and the magnitude of its challenge to the West, Fallows demolishes the myth that Japan is a capitalist country built on the Western model. He demonstrates instead how Japan's economic system treats business as an instrument of national interest while casting aside the traditional Western values of individual enterprise and human rights.

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Editorial Reviews

From the Publisher

"Americans have fallen into the trap of not looking at how the rest of the world organizes itself on the grounds that everyone would sooner or later understand the wisdom of the American model. As James Fallows ably demonstrates, it isn't so. Americans have to understand how the second largest economy in the world operates so that they can both compete against it and cooperate with it."--Lester Thurow

From the Inside Flap

In a timely, even prophetic, portrait of Asia's rise and the magnitude of its challenge to the West, Fallows demolishes the myth that Japan is a capitalist country built on the Western model. He demonstrates instead how Japan's economic system treats business as an instrument of national interest while casting aside the traditional Western values of individual enterprise and human rights.

See all Editorial Reviews

Product details

Paperback: 544 pages
Publisher: Vintage; Reprint edition (June 24, 1995)
Language: English
ISBN-10: 0679761624
ISBN-13: 978-0679761624
Product Dimensions: 5.6 x 1.2 x 8.5 inches
Shipping Weight: 1.6 pounds (View shipping rates and policies)
Average Customer Review: 6 customer reviews
Amazon Best Sellers Rank: #2,990,476 in Books (See Top 100 in Books)
- #4322 in Books > History > Asia > Japan
- #7744 in Books > Business & Money > Economics > Economic Conditions
- #8345 in Books > Politics & Social Sciences > Politics & Government > International & World Politics > Asian

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Customer reviews

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I have always loved James Fallows writing

April 7, 2017

Verified Purchase

I have always loved James Fallows writing. I feel it's especially important to read thoughtful writing about the Far East at this time. While the book was written in 1994 it is essential to understanding what's going on NOW. Great Book! Thanks.

One person found this helpful

Bon Temps Jolie

Read with Koo's "Holy Grail of Macroeconomics"

January 6, 2011

Jim has good background in economics, particularly the sociological and comparative methods. But back in the early 90's no one understood what was happening to Japan. The country was entering its Lost Decade. A massive Big Bubble on the scale of the Greenspan 1994-2000 and 2003-2008 blunders had crushed their corporate balance sheets. Japan was awash in debt. They went asea in what Koo identified as a Balance Sheet Recession -- similar to our 1929 and 2008 disasters.

Richard Koo is a genius. His book does ground itself, here and there, with references to personal details. But what Jim Fallows achieved, here, goes to the very culture that underlay Japan's commitments to quality and modernization. China copied Tokyo, not Detroit or Manchester. This book deserves its place at the head of its class.

5 people found this helpful6 people found this helpful

graphik_persona

Dated, yet a varying view on Asianomics

April 7, 2009

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.

One person found this helpful2 people found this helpful

There's more to success than just taking the muzzle off the free market

October 7, 2012

I was surprised there were only 4 reviews for this book, so here is another . . . Fallows addresses the myth that nations develop successfully by letting free markets run unchecked. He explains how several Asian nations successfully used government direction and oversight to point their economies in the direction they wanted to go. This book is also worthwhile for the coverage of Friedrich List, an influential (really) German economist who argued that governments should spend big.

2 people found this helpful3 people found this helpful

Mr. Fallow's Observations just don't pan out.

January 8, 2014

An old book with old data that has been refuted by Japan's 1989 property bubble burst and the East Asian Economic Crisis of 1997.

One person found this helpful2 people found this helpful

Flat earthers...

April 17, 2006

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.

6 people found this helpful7 people found this helpful

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