A Quote by Toshihiko Fukui
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
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The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
Growing up as an Asian American in this society, there were a lot of times where you feel isolated or out of place as an Asian. And growing up in White America, that's absolutely my experience. And I think that's why I got into acting because I wanted to be anybody else but Asian.
Growing economies are critical; we will never be able to end poverty unless economies are growing. We also need to find ways of growing economies so that the growth creates good jobs, especially for young people, especially for women, especially for the poorest who have been excluded from the economic system.
If you look at national economies today, for example, the American economy, the European economy, the Indians, the Chinese, we're all tied together. If one of them sinks, the rest are going to sink with them and if one floats, the rest are lifted up. I find that very interesting.
Instead of saying that globalization is a fact, that it's inevitable, we've also got to demonstrate that while the growing interdependence of the world economy is indeed a fact, it's not uncontrollable.
There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Both in the US and throughout the world, there needs to be a growing presence of public development banks. These banks would make loans based on social welfare criteria - including advancing a full-employment, climate-stabilization agenda - as opposed to scouring the globe for the largest profit opportunities regardless of social costs.... Public development banks have always played a central role in supporting the successful economic development paths in the East Asian economies.
As a kid growing up and seeing so much strife taking place in society, and particularly on Blacks and people of color, I had an opportunity as a young man to witness the change that was taking place in Harlem, the exodus of white folks leaving Harlem, which I thought was a very cohesive situation. But they felt that they needed to leave.
Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.
I feel like, of course, Houston has Asian fans and Japanese fans, and Asian fans live all over the place.
In the nearer term, the likeliest source of risk is a conflict between China and the U.S. These are now the two largest economies in the world, and the combination of their economic interdependence, the sharp differences in their political and economic values, and the growing divergence in their interests makes this relationship potentially dangerous for everyone who might be affected by it - which means pretty much everyone.
Today, local economies are being destroyed by the 'pluralistic,' displaced, global economy, which has no respect for what works in a locality. The global economy is built on the principle that one place can be exploited, even destroyed, for the sake of another place.
They didn't incarcerate the Japanese-Americans in Hawaii. That's the place that was bombed. But the Japanese-American population was about 45 percent of the island of Hawaii. And if they extracted those Japanese-Americans, the economy would have collapsed. But on the mainland, we were thinly spread out up and down the West Coast.
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.
If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan.
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