Arts & Entertainment
It is unusual to sum up the results of the...
II, was busy creating an economic miracle, they enjoyed life and spent a lot. But now this enthusiastic generation is reaching retirement age. During this decade Japan"s manpower will decrease by 7.6 million or 10%. There will be more pensioners and fewer active workers.Now Japan has a new government led by the Democratic Party. It is planning to spend money on increasing the birth rate and improving education. In other words, it wants to invest into people rather than the country"s infrastructure. However, this investment will not produce the desired effect in 2010. It can help the economy grow, probably by about one percent. This is when China will seize the initiative.
That forecast about China soon becoming the world"s biggest economy is nothing new. It was first made at the beginning of last decade. What is new is the attitude of these, and other, countries to this prospect.
The recent emotional outburst was caused by the predictions of Robert Fogel,
Pages: 1 [2] 3 4 5 6