IP: Japan News Nov 20

[Dave Farber <farber () central cis upenn edu>]

From: "ron bevacqua" <Ron=Bevacqua%JPN%RSCH () banmail ibk ml com>


Dear DFSers,


I found these tidbits in the evening editions of the papers over the 
weekend....


(A)  In the academic year ending May 1995, Japanese students in 
America totaled 45,300, the largest number of students from any 
country.  It was the first time Japanese students topped the oryugakuo 
list since the survey began in 1949.  Japanese students now make up 
one in ten of all foreign students studying in the US. By way of contrast , 
in the academic year ending May 1994 (the last year for which data is 
available) the number of US students studying in Japan was only 2200.


(B) At a speech on November 17, Larry Summers was quoted
to have said, 'I take a different position than my friends James 
Fallows and Eisuke Sakakibara, who believe that Japanese-style 
managed capitalism is the correct economic strategy to pursue.  ...  
They stress that the US has much to learn from Asian capitalism, and 
that importing US-style thinking would be a mistake. ...  The lesson of 
the past few years is that Japan must put more emphasis on gaining 
wealth via deregulation, liberalization, and relaxation of control.'


I wonder if there is a correlation between (B) and (A).  Hmmm.......


(apologies to James Fallows 'cause I keep needling his friend).


--ron