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Richard Katz

Richard Katz

is senior editor of the

Oriental Economist Report

and author of

Japan: The System That Soured -- The Rise and Fall of the Japanese Economic Miracle

.

Japan's economic crisis is a case study in the long-term costs of protecting inefficient industries. Yet it also shows how the pressures for protectionism become irresistible without a strong safety net and policies to aid displaced workers. Read more

America and the World