eclipse the Rising Sun?
"Many economists and business executives say they hope that Toyota's trauma will be the wake-up call that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise.
"Yukio Noguchi, a professor of finance at Waseda University in Tokyo, said Japan must finally evolve into a postindustrial service-based economy- a painful transition that the United States and Great Britain underwent in the 1980s. "
(I have tried to link this to the 2/9/10 NY Times- front page of the business section- without success. Some things are quickly buried.)
"Many economists and business executives say they hope that Toyota's trauma will be the wake-up call that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise.
"Yukio Noguchi, a professor of finance at Waseda University in Tokyo, said Japan must finally evolve into a postindustrial service-based economy- a painful transition that the United States and Great Britain underwent in the 1980s. "
(I have tried to link this to the 2/9/10 NY Times- front page of the business section- without success. Some things are quickly buried.)
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