||About the Author||SHYAM SUNDER is James L. Frank Professor of Accounting, Economics and Finance at Yale University. He has published extensively and has served as a consultant to major corporations, United States government. He is a founder of the Economic Scie
Japan has been, and will likely remain, the second largest economy in the world. In the four decades following the Second World War, it dazzled the world, its enviable social indicators, unprecedented fast and sustained with economic growth, process innovations, high productivity and high quality of manufactured product. In the nineties, the growth slowed down to a crawl, and a recession and deflation now threaten it. Could we foretell these historic ups and downs on...
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