Word: monozukuri
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...secret to Nagoya's success: the region excels at monozukuri-"making things." Around here you will quickly be disabused of the notion that it is impossible for Japanese manufacturers to compete against China's low labor costs. Fully one-third of the region's economy is tied to manufacturing, among the highest rates in the nation. China and Korea still cannot match many of the design and process-improvement techniques that are invented and perfected here, neither can they produce the high-end, R&D-heavy, design-intensive products like capital equipment, aerospace equipment and industrial ceramics that are Nagoya...
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