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Steven Clemons

Biography: 

Executive Vice President, New America Foundation.

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DIRE STRAITS: Whither Japan?

with Steven Clemons, T.J. Pempel, Steven Vogelvia Uncommon Knowledge
Friday, August 31, 2001

Following World War II, Japan reinvented itself both politically, as it adopted the institutions of democratic government, and economically, as it became a dominant producer and exporter of consumer goods. These reforms were so successful that, ten years ago, experts were predicting that Japan would overtake the United States as an economic superpower. Instead, Japan experienced a decade of recession and economic stagnation that continues still. What happened? Is this a sign of serious structural problems in Japan's political and economic institutions? In other words, is it time for Japan to reinvent itself once again? If so, how should the United States alter its relationship with a new Japan?