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12287. INVESTMENT, TRADE AND THE FUTURE: AMERICA AND JAPAN. A careful dissection of economic basics in modern conditions, answering questions on the effects of Japan's greater R & D investment, and investment in general, than America. Covers the ins and outs of Hecksher-Ohlin theory, problems of statistics in modern era of globalization, strength of leading Japanese companies through recession of 1990-92, Japan's lead in investment in Asia, assessments of American investment performance, similarities of Japan and USA. Includes proof that investment in basic R & D creates jobs, and never doubts that higher investment now must lead to greater rewards in the long run. 10p., 11b., 17f.   $70


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