ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Japan: From the Other Side of the Hill

Japan, which seemed to have mastered the magic of rapid growth, is now super-developed but stagnating, the old sinews of nationalism decaying. This is not merely a matter of a pendulum swing. Japan is qualitatively changing and profoundly so. Even with reform and a restoration of growth, it is going to be very difficult to manage the process - requiring a much expanded immigration of young workers and emigration of an increasing part of what in the current Japanese economy is moveable (like manufacturing). In sum, not just the restoration of growth, but the completion of the stalled process of Japanese globalisation.

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