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Essays
and Articles:
Japan
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 "The
Japanese strategy for computer supremacy," Forbes, February 9,
1987. Taped interview with MIT’s Charles Ferguson, who predicts that big
Japanese electronics combines are destroying the U.S. merchant semiconductor
industry and are gaining a critical competitive advantage through domination
of capital equipment production. He argues that the atomized structure of
the U.S. industry facilitates technology giveaways through promiscuous
licensing by financially-weak U.S. companies. The critical advantage being
gained by the Japanese in semiconductors will give them leadership in
computers as well.
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"Hold
the champagne," Forbes, May 5, 1986. Impact of the high yen on
the domestic Japanese economy. Public finance, not trade, is now the main
economic issue between Japan and the United States. Based on a month’s
reporting in Japan.
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"A
yen to spend," Forbes, May 19, 1986. Back-country reporting in
the snow country of northern Japan to depict Japan’s public finance
problems and the difficulties of further stimulating the economy to divert
demand away from exports.
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"The
Rise and Decline of Industrial Japan," Commentary. October 1983.
Analysis of Japan’s early development, paralleling pre-industrial Europe,
and of the maturing of its modern economy, examining the implications of its
crisis in public finance, the aging of its work force, the opening of its
economy to more imports and the structural difficulties of certain key
industries. French version published in Perspectives (Paris), March
1984. Portuguese version published in Jornal da Tarde (Sao Paulo),
April 21, 1984.
> English
> Print Version
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"Japan
Inc.: And Now the Bad News" (cover story), Forbes, January 31,
1983. Based on three months’ travel in Japan. Sees growing distortions in
Japan’s economy, especially high consumption in unproductive but
politically important rural areas, and anticipates difficulty in sustaining
lifetime employment system because of stagnating export opportunities for
flagship companies.
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"Japan:
The Next Great Creditor Nation," Forbes, February 14, 1983. Analysis of
the opening of Japan’s capital market, the largest outside the U.S. "Instead
of importing more goods, Japan is going to export more capital. That’s the
road Britain took a century ago, and it has the Japanese frightened half to
death."
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"Close
the door, they come in the window," Forbes, February 15, 1982. View of
the export strategy of the Japanese consumer electronics industry, seen in a
visit to a Sanyo color television assembly plant in Tierra del Fuego, at the
edge of Antarctica in the extreme south of Argentina.
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"Innovate
or Die," Forbes, November 9, 1981. Taped interview with Saburo Okita,
Japan’s leading economic planner and former foreign minister, on Japan’s
role in world trade in the 1980s.
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