Lost in translation

摘要

This was supposed to be the time when Japan's technology-driven economy would hold the prime spot in much of the world's business. The country, lacking natural resources, bet on technology, exports and a worldview of industrial development. With the Think Globally, Act Locally theme, the big Japanese companies would be in the forefront of worldwide development. It didn't exactly turn out that way. Despite heavy financial and educational investments, the prime-mover slots do not belong to Japanese companies. The future fast-growth technologies will more likely come from China and India rather than Tokyo. However, after 10 years of slow or no growth for Japan's economy (the second-largest in the world), there are now some signs of modest growth and a lot of positive re-examination on the part of Japan's high-tech vendors.