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YEN! Japan's New Financial Empire and Its Threat to America.

YEN! Japan's New Financial Empire and its Threat to America. Daniel Burstein. Simon and Schuster, $19. 95. Most of the current debate on America's waning competitiveness and industrial dominance has centered on the loss of jobs in the auto, steel, and microchip industries. These losses are indeed troubling, but Burstein sees the loss of American competitiveness and dominance in the financial world as far more dangerous to long-range American interests. Capital will be the most important resource of the twenty-first century. The nation that controls this resource will have a great influence over world affairs, just as America did in the

twentieth century. -Roger Baker
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Author:Baker, Roger
Publication:Washington Monthly
Article Type:Book Review
Date:Apr 1, 1989
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