Japan Economy
In the nineties, many elements intervened to upset the equilibrium that had been taking shape: first of all, the competition now openly exercised by the first among the NIC (South Korea, Taiwan, Hong Kong, Singapore), which had greatly improved the technological quality of their products while maintaining their competitiveness, and the explosion of the Chinese economy, with GDP growth rates ten times higher than those of Japan, in the meantime much reduced. Started with the outflow of labor flows, often…
