Economics & Finance / Industry & Sectors / Technology Sector
How Japan’s IT Industry Collapsed: The Rise of Software and Silicon Valley’s Comeback
The IT Revolution and the Resurgence of US Productivity Growth
In the 1980s, Japan’s tech giants dominated global markets. By the 1990s, they were in freefall, while Silicon Valley surged ahead. What happened? This video, based on the 2010 study by Ashish Arora, Lee G. Branstetter, and Matej Drev, reveals a shocking truth: the shift to software-driven innovation broke Japan’s hardware-focused system. Discover how Japan’s rigid labor market and lack of software talent led to a 60% drop in R&D efficiency, while America’s use of H-1B visas and Indian outsourcing fueled a tech renaissance. We’ll break down the data, debunk myths about Japan’s bubble economy, and show why software skills became the ultimate competitive weapon. If you’re into tech history, economics, or innovation strategy, this is a must-watch.
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