Lessons from Japan: China and Korea

Recently, two interesting op-ed pieces were published comparing the economic difficulties faced by Japan following the early 1990s and the current situations of China and South Korea. The Japan case, including the ‘Lost Decades’ and still lingering economic challenges, can provide crucial lessons for the two East Asian rapid growth manufacturing economies which, like Japan has, face prospects of a difficult to pull off, but necessary, transition to a different type of economy.

The comparison with China, by Columbia’s Jeff Sachs, can be found here, while the Korea comparison, by Korea University’s Lee Jong-Wha can be found here.

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