Hiroshi Mikitani,Ryoichi Mikitani

The Power to Compete

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Father and son – entrepreneur and economist – search for Japan's economic cure The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the “Japan Disease.” As founder and CEO of Rakuten, one of the world's largest Internet companies, author Hiroshi Mikitani brings an entrepreneur's perspective to bear on the country's economic stagnation. Through a freewheeling and candid conversation with his economist father, Ryoichi Mikitani, the two examine the issues facing Japan, and explore possible roadmaps to revitalization. How can Japan overhaul its economy, education system, immigration, public infrastructure, and hold its own with China? Their ideas include applying business techniques like Key Performance Indicators to fix the economy, using information technology to cut government bureaucracy, and increasing the number of foreign firms with a head office in Japan. Readers gain rare insight into Japan's future, from both academic and practical perspectives on the inside.
Mikitani argues that Japan's tendency to shun international frameworks and hide from global realities is the root of the problem, while Mikitani Sr.'s background as an international economist puts the issue in perspective for a well-rounded look at today's Japan.
Examine the causes of Japan's endless economic stagnation Discover the current efforts underway to enhance Japan's competitiveness Learn how free market “Abenomics” affected Japan's economy long-term See Japan's issues from the perspective of an entrepreneur and an economist Japan's malaise is seated in a number of economic, business, political, and cultural issues, and this book doesn't shy away from hot topics. More than a discussion of economics, this book is a conversation between father and son as they work through opposing perspectives to help their country find The Power to Compete.
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230 printed pages

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Quotes

    Mesuthas quoted3 years ago
    In Turkey they have set aside an annual budget equivalent to 100 billion yen [U.S. $1 billion] in order to attract tens of thousands of foreign teachers.
    Mesuthas quoted3 years ago
    Theories of education in Japan are really just about memorizing the knowledge, which is to say that I don't feel like they are really used at all. For instance, ask a bureaucrat at the Ministry of Education, Culture, Sports, Science and Technology about theories or methodology of English education, and they can't even answer the question. [laughs]
    Mesuthas quoted3 years ago
    one time, Sony had this capability. How did it lose that? I believe that the reason is simple—the founder of Sony, Akio Morita, passed away. Similarly, Steve Jobs passed away, and Apple's innovation has stagnated. Google is a slightly different case. Th

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