What the world can learn from Japan

Iconic ‘Earthrise’ image of our island planet taken in 1968 by NASA

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.

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