Japan’s history of rapid growth, bubble economy, followed by economic slowdown and deflation will invariably spread to other nations with aging populations. History, however, rarely repeats itself exactly. By the end of this century, the population of the Earth will likely peak at 10 billion. Expanding middle classes in emerging economies cannot all achieve an American lifestyle. Energy consumption per capita alone would outstrip global supply. How can our resource-limited planet cope with global rising materialist expectations?
From the start, the Japanese already knew unlimited growth was unsustainable. Their island nation lacks natural resources. Even so, Japan became the most successful, modernized and advanced economy. Now it is at the forefront of solving advanced social problems, most notably population aging. Continue reading at The Japan Times.
- December 3, 2018: Womenomics: Mend the gender gap
- October 28, 2018: Embracing the Fourth Industrial Revolution
- October 1, 2018: Investing in the young, the fast and the furious
- September 10, 2018: Japan must do more to support the US-Japan alliance
- August 25, 2018: Looking beyond work-style reform
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