Japanese Economic Victory Over America: Fact or Fiction
Abstract
Today, economic competition, more so than military competition, is viewed as the key to national power and indeed to national survival. Except for the United States, all of the world's industrial economies lay in ruins at the end of World War II. Not surprisingly, until the beginning of 1980's the United States reigned supreme as the world's only economic super power. Since the end of World War II, the economies devastated by the war have rebuilt, and some believe that Japan is now challenging the preeminent economic position of the United States. The alarmist view is that the United States has lost or will lose its status of the world's leading economic power to Japan. The purpose of this paper is to evaluate Japan as our major competitor and to determine whether Japan's world economic standing will diminish the United States' critical economic element of power. Demographic, social, and economic data for both countries will be reviewed, trends identified, and conclusions drawn.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1990
- Accession Number
- ADA220698
Entities
People
- Danny L. Abbott
- R. L. Bandel
Organizations
- United States Army War College