Twenty-five years after a major financial crisis, Japan’s 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 Japan’s economic development model and may now too be facing a major financial crisis.
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Roy C. Smith is the Kenneth Langone Professor of Finance Emeritus at New York University Stern School of Business.
| Other Independent Review articles by Roy C. Smith | ||
| Winter 2019/20 | Will Populism Kill Globalization? | |
| Summer 2018 | China’s Next Ten Years | |
| Spring 2016 | Understanding a Cuban Transition | |
| [View All (7)] | ||
