Twenty-five years after a major financial crisis, Japans powerful export-based economy has become a mere shadow of its earlier status as a financial superpower. Though different in many ways, China has followed Japans economic development model and may now too be facing a major financial crisis.
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|Other Independent Review articles by Roy C. Smith|
|Spring 2016||Understanding a Cuban Transition|
|Summer 2013||The Agony of the Euro|
|Summer 2011||The Dilemma of Bailouts|
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