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|Title||:||Trading Places: How America Allowed Japan To Take The Lead|
|Format Type||:||Audio Book|
|Number of Pages||:||365 Pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Trading Places: How America Allowed Japan To Take The Lead Reviews
16 years later, with Japan's economy in the dumper and their economic prospects looking almost as bad as ours, you might be tempted to think that Prestowitz was misguided in some way when he wrote this in 1993. You'd be very wrong. If the US had taken the prescriptions that Prestowitz has been peddling for the past 25 years or so, we would absolutely not be in the mess we're in now. We probably never will be able to implement any of Prestowitz's good ideas because they require long-term sustained direct government involvement in our country's more important business ventures and sustained investment in strategic economic directions that don't have immediate payoffs for investors (like education, for example), and that's never going to happen in this wacky 2-party pendulum system we have, especially when both parties are guided first and foremost by the short-term get-richer-quick demands of their shared constituencies.
This book, despite the publishing date, remains relevant today. Prestowitz' analysis of Japanese business culture and related structural issues is poignant. Furthermore, his analysis of American structural trade and economic issues is as well. He was aware of excesses in the Japanese financial system in the 1980's even if he did not see how they would play out over the next decades. Japanese hubris in the late 1980's was peaking and it is interesting to see how that is represented in this book. That Japan, in my opinion, has largely failed over the last decades to overcome its economic and industrial weaknesses is not predicted here but that relates to the hubris comment above and can be related to China's economic development over the last decade. There is much more to this book that I'm not capturing here.
Extremely enlightening about what American defines as National Security, and what it sells out to pursue that goal. I still refer to this book even nearly 30 years since I've read it - very relevant today.