"If you're as interested in Japan as I am, I think you'll find that The Power to Compete is a smart and thought-provoking look at the future of a fascinating country." - Bill Gates, "5 Books to Read This Summer"
Father and son – entrepreneur and economist – search for Japan's economic cure
The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the "Japan Disease." As founder and CEO of Rakuten, one of the world's largest Internet companies, author Hiroshi Mikitani brings an entrepreneur's perspective to bear on the country's economic stagnation. Through a freewheeling and candid conversation with his economist father, Ryoichi Mikitani, the two examine the issues facing Japan, and explore possible roadmaps to revitalization. How can Japan overhaul its economy, education system, immigration, public infrastructure, and hold its own with China? Their ideas include applying business techniques like Key Performance Indicators to fix the economy, using information technology to cut government bureaucracy, and increasing the number of foreign firms with a head office in Japan. Readers gain rare insight into Japan's future, from both academic and practical perspectives on the inside.
Mikitani argues that Japan's tendency to shun international frameworks and hide from global realities is the root of the problem, while Mikitani Sr.'s background as an international economist puts the issue in perspective for a well-rounded look at today's Japan.
Examine the causes of Japan's endless economic stagnation
Discover the current efforts underway to enhance Japan's competitiveness
Learn how free market "Abenomics" affected Japan's economy long-term
See Japan's issues from the perspective of an entrepreneur and an economist
Japan's malaise is seated in a number of economic, business, political, and cultural issues, and this book doesn't shy away from hot topics. More than a discussion of economics, this book is a conversation between father and son as they work through opposing perspectives to help their country find The Power to Compete.
Most Helpful Customer Reviews
When I went to live in Japan in the late 80's, it was a time of kokusai-ka - internationalization -- and economic robustness and I was very hopeful about the possibilities for entrepreneurship and women going forward.
In the years since I left (in the early 90s), I've only had a vague sense of the reasons why Japan didn't continue on that linear path of growth. So I found the frank discussion between maverick thinker Hiroshi Mikitani and his father about what Japan needs to do to be competitive again encouraging and enlightening. They've provided a helpful framework for getting up to speed on the dynamics of the Japanese economy, education system and government bureaucracy and -- thanks to their connections to prominent economists/businessmen and Hiroshi Mikitani's involvement in the Industrial Competitiveness Council -- insights into some of the debate that goes on behind-the-scenes. (Even if you're familiar with the country's dynamics, it's still fascinating to hear the...
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