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...China and the World Stage John Lee's clear reminder of China's vastly different historical perspective versus that of the U.S. is a point not made often enough [March 8]. Where the U.S. sees a four-year electoral cycle, China is still making decisions with generations in mind. Lee misses one key factor, though, regarding China's seemingly silent role on the world stage: rather than seeing it as beneath them, China's leaders have avoided interfering in other countries' affairs for the simple reason that they don't want anyone having reason to interfere with their...

Author: /time Magazine | Title: Inbox | 3/29/2010 | See Source »

...development - a blinding whirl of frenetic construction and perpetual change - Japan is a vision of stability, a nation that has everything others in Asia want, and has already had it all for decades. Money. Technology. Global brands. A seat at the table with the powerful countries of the industrialized world. Those of us old enough will also recall that Japan used to scare the pants off Americans and just about everyone else. Back in the 1980s, Japan was the first of Asia's rising powers, a nation that seemed destined to overtake the U.S. as the dynamic force...

Author: /time Magazine | Title: What Japan's Years of Paralysis Teach America | 3/29/2010 | See Source »

...Paralysis isn't unique to Japan; it appears to be a common affliction throughout the developed world. But by looking at Japan, we can get a good idea of the damage it can do. Unwilling to make hard choices, the government simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once...

Author: /time Magazine | Title: What Japan's Years of Paralysis Teach America | 3/29/2010 | See Source »

...visit to Australia), the fate of his boyhood likeness underscores his, and America's, growing image problem across Asia. Soon after Jakarta city workers used the cover of darkness to relocate the young Barry's statue, top U.S. diplomatic envoys were in Beijing to repair foundering relations with the world's third largest economy. Meanwhile, Japan, the world's No. 2 economy, has been calling for a more "equal" (read: less submissive) relationship with the U.S. That's because the Democratic Party of Japan, which came to power last year for only the second time in half a century...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

...Indonesia Matters Indonesia deserves just that. Obama's trip is crucial for introducing Americans to a country that may not evoke much beyond earthquakes and tsunamis but is nevertheless key to U.S. interests. A 17,000-island archipelago, Indonesia boasts the world's biggest Muslim population. It is also the world's third largest democracy (after India and the U.S.), proving that Islam need not be the enemy of political freedom. Back when Obama lived in Jakarta, where his American mother was an anthropologist and aid worker, Indonesia was ruled by a dictator and mired in poverty. Today...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

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