Reflection on Contrasting Present-day U.S. and Japanese Economic Performances

Reflection on Contrasting Present-day U.S. and Japanese Economic Performances

- Speaker: Hugh Patrick, Professor, Columbia University

- Date : May 19, 1999.

"The question for Korea as I look ahead to the next five to ten years is, 'What is going to happen to business investment demand? ' Is it going to become more cautious, more profit-oriented? Is it going to be a substantially lower percentage of GDP than it has been in the past?.. If so, then Korea five years from now may be facing a very different set of problems than Japan...”