Globalisation Versus Local Practices - PART 3 ISOEconomics / Isokratic Econommics
We have seen tiny indications, of the demand shifting. Japan’s high cost, has posed a certain demand decrease, with its financial market meltdown. Diminished consumers’ confidence, forced the Japanese economy, the Miracle Economy it used to be called, not to just to fold down on its knees, but to be roll on the ground.
A state of disbelieve, where in order to kick-start the economy, the state would even offer cash to the people to spend. A state, which has forced some Japanese multinationals, to abandoned traditional values. To the extent, that they brought in top management from America. A totally reversed policy, from that of exporting management and production skills. A state of events, brought about by the forces of global economy.