The traditional Japanese economic model is doomed to failure, says Lonien (Free U. of Brussels), because of economic and industrial structures that are inappropriate to increasing globalization, liberalization, and deregulation. However, he compares Japanese-style industrial capitalism with the economic and social models of other developed countries, and suggests a path the Japanese economy might take in the 21st century in order to survive. His topics include long waves of the Japanese economy and regulation mode of the economic and social system, the construction of the Keiretsu model on the bases of the old and new regimes, and the most likely future trends of the pillars of Japanese management. He has not indexed his study. Annotation ©2004 Book News, Inc., Portland, OR