Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Good questions outrank easy answers.

Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism.

Mea culpa, mea culpa. MIT and Wharton and University of Chicago created the financial engineering instruments, which, like Samson and Delilah, blinded every CEO. They didn't realize the kind of leverage they were doing and they didn't understand when they were really creating a real profit or a fictitious one.

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?