Stealth Japan: The Surprise Success of the World's First Infomerc Economy

Japan's economy is the world's third-largest and second-most-sophisticated, accounting for nearly 10% of global economic activity. It has the lowest unemployment rate among leading industrial nations and, at the same time, a large and growing manufacturing presence around the world. Yet it has frequently been portrayed as an economic disaster - an Asian Greece or Argentina - on the verge of collapse and threatening to take down the world economy with it.

This view of Japan, long promulgated ...