East Asian Distinctions

James Fallows talks about his forthcoming China book, Postcards from Tomorrow Square:

in watching Japan’s rise and then its financial stagnation, we’d seen the last dramatic stage in East Asian economic development. The similarities in China’s approach — and, mainly, the differences — have been an important touchstone all the way through. And as I think will be evident to readers, I have found China’s economic rise to be a fundamentally more open phenomenon, for the rest of the world, than Japan’s approach was.

As for the latest crisis — hey, blame Alan Greenspan! Not me.

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