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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (4146)6/2/2001 2:39:19 PM
From: Ilaine  Read Replies (2) of 74559
 
On Joel's suggestion, I checked out some books by Kenichi Ohmae from the library yesterday. Just started reading, and am intrigued by his assertion that it's meaningless to look at economic stats from one country in isolation. He says that Europe, Japan, and the US, and to a lesser extent a few Latin American countries, belong to something he calls the ILE, the Inter Linked Economy of the Triad. That's from the intro to "The Borderless World," 1999 edition.

I think Ohmae "gets it" - looking forward to what he comes up with for Japan. (Ohmae is adviser to the new Japanese Prime Minister.) If it causes US currency to weaken, then US exports become cheaper, and Chinese/Japanese/etc. imports become more expensive. "Buy American" will make better economic sense. Is that bad? No, as Jay says, just is.
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