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To: Wyätt Gwyön who wrote (42351)	11/6/2000 10:09:32 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

MM, Bottom line the Japanese are great at manufacturing and cost reduction and this is where the R&D is spent - not on innovation or risk-taking. They still can't grasp the start-up mentality and business there is run by a very few select conglomerates limiting access by not only foreign firms but also domestic start-ups. The Japanese choked on their isolationist style... they still haven't got the concept of a "global market". You simply can not draw analogies from Japans failure to continue their growth to the US market... there are too many variables first off.... and secondly, as I pointed out, they simply "didn't get it". OG

To: Wyätt Gwyön who wrote (42351)	11/6/2000 1:26:37 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

R&D spending as a percentage of GDP is higher in Japan than in the US. That doesn't matter. The "technical people" aren't empowered (broad general term, I know). I'm not an economist, and as I said in my post its just one theory on my part as to whats wrong with Japan. Really a mindset thing, thats hard to pin down, but having worked with some Japanese companies in the past I'm convinced its there. They need to flatten out their corporate structure, get rid of the excessive do nothing executives at the top that sit around and play golf all day, and incent the creative ranks (senior engineers) with something other than lifetime employment. One thing that would make me think Japan might be ready to compete as a tech power is if the number of "new starts" in companies registering goes up ten fold or so. This would mean some really talented engineers are setting up shop as independents, that would be meaningful. But Japan as far as I know remains a big company mentality and we know how stifling that is even in the US.