ICJS Event: Insight Ireland - Lecture 3 "Does manufacturing matter – Lessons from the financial crisis"

Jointly Presented by
Ireland Japan Chamber of Commerce
Temple University, Japan Campus
JIC Study Group

Friday, February 20th, 2009
7:30 p.m. - 9 p.m.
TUJ Azabu Hall 316 (Access)
Eamonn Fingleton - Author and former editor for Forbes and Financial Times
Open to general public. You can purchase a bento and drinks at the convenience store next to the university.
Registration closed

About the Event

Well-known Irish economic author and commentator Eamonn Fingleton will propose that a decline of America 's advanced manufacturing base has played a key role in the present world financial crisis. It is thanks to this decline that the American trade deficits have increased in recent years, with the result that more and more of the world's capital has been drawn into the American financial system.

The mirror opposite of America's performance has been that of Japan, which has now succeeded to America's erstwhile position as the world leader in highly capital-intensive and know-how-intensive manufacturing -- particularly in things that are almost invisible to the consumer (and virtually never noticed in the Western press) such as machine tools, advanced materials, and key components. By no coincidence Japan has become a huge capital exporter -- bigger indeed in real terms than the United States ever was at the zenith of American dominance of the world economy in the 1950s and 1960s.

At a time when political and business leaders around the world are placing economic models and theories under the microscope this should be a thought-provoking presentation from an expert on both the American and Japanese economies.

About Eamonn Fingleton

Eamonn Fingleton, a former editor for Forbes and the Financial Times, has been monitoring East Asian economics since he met China's supreme leader Deng Xiaoping in 1986 as a member of a U.S.. financial delegation. In Blindside, a controversial 1995 analysis praised by J.K. Galbraith and Bill Clinton, he showed that America was losing its leadership in advanced manufacturing to Japan. His 1999 book, In Praise of Hard Industries, anticipated the American Internet stock crash of 2000.. In his 2008 book, In the Jaws of the Dragon, he issues a challenge to the conventional view that China is converging to Western economic and political forms.

About ICJS
The Institute of Contemporary Japanese Studies (ICJS) is an organization dedicated to fostering study and research on various topics related to contemporary Japan and Asia.