Lessons to learn from Japan's ups and downs

• Source: Globaltimes
• [02:10 March 01 2010]
• Comments

How Toyota handles the ongoing crisis could be a textbook case for Chinese enterprises.

In addition, aging population, stagnant consumption, asset bubbles, and lack of core technological competitiveness, which obstructed Japan's recovery have been headaches for China, too.

Despite the seeming decline of Japan's economic prowess, it would be a big mistake if we start dismissing Japan's influence, and stop learning from Japan's experience.

Tokyo's engaging of the world through international aid, for example, holds lessons for China. Japan has risen to global influence through its massive development assistance program, evident in what is known as “aid diplomacy”.

The real strength of a country does not lie in statistics.

The ability to learn from the experience of others, if only to avoid their pitfalls, and develop itself alone can provide a long-term basis for growth and sustainable power.
 

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