Thursday, October 30, 2008

The Myth of Japan’s Famous Ministry of International Trade and Industry

From Karen Selick's commentary on Terence Kealey, new book, Sex, Science and Profits:

Kealey debunks the myth that MITI, Japan’s famous Ministry of International Trade and Industry, was behind that country’s meteoric post-war rise to prosperity, noting that “MITI had opposed the development of the very areas where Japan has been most successful: cars, electronics and cameras."

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