The Japanese success story is by now well documented. A country with a single resource-people-has literally flooded the globe with products, services, and money. 1 Japanese portfolio investment has skyrocketed, and Japanese factories, offices, and entertainment centers are flourishing all across the globe.
Japan's neighbors are also reaping the benefits of the Japanese effect. Today, under Japanese leadership, the Pacific Basin is the manufacturing center of the world. Singapore, South Korea, Taiwan, and Hong Kong have transformed themselves into "little tigers," which are becoming stronger in the global economic kingdom so long dominated by the lions of the West." 2
Western companies, faced with excess production capacity and saturated markets, 3 see in the newly prosperous East the market they need in order to grow and prosper.
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