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Impacts of Internet Revolution On US and Japanese Economies Sing Lin, Ph.D. Mobile Phone: 732-670-5686 E-Mail: sing-lin@monmouth.com

Rockefeller Center in New York City: 

Rockefeller Center in New York City

Japanese Control of Rockefeller Center: 

Japanese Control of Rockefeller Center The Rockefeller Family and Rockefeller Center had been a very proud symbol of US Wealth for many decades Japanese economic power was number one in the whole world in the 1980s In 1980s, Mitsubishi purchased and took control of the Rockefeller Center It represented a major shift of economic power from USA to Japan in the 1980s

Internet Revolution – Rapid Growth of Internet Users in 1990s: 

2 Wireless-Trend02 Internet Revolution – Rapid Growth of Internet Users in 1990s 0 100 200 300 400 500 600 700 1995 1996 1997 1998 1999 2000 2001 Million Users

Rapid Growth of US ProductivityWith Internet Revolution: 

Rapid Growth of US Productivity With Internet Revolution Source: US Bureau of Labor Statistics (The New York Times, 12-17-2001)

Rapid Growth Of US S&P 500 Stock Index Vs. Slumping Japanese TOPIX Stock Index: 

Rapid Growth Of US S&P 500 Stock Index Vs. Slumping Japanese TOPIX Stock Index US S&P 500 Index Japanese TOPIX Index Year

Growth Rate (in %) of Real GDP - Two Largest Economies in the World: 

Growth Rate (in %) of Real GDP - Two Largest Economies in the World Source: Organization for Economic Cooperation and Development (OECD)

Exchange Rate Between Japanese Yen and US Dollar: 

Exchange Rate Between Japanese Yen and US Dollar Weak Yen Strong Yen

Internet Revolution and Industrial Productivity: 

Internet Revolution and Industrial Productivity With Internet revolution, the number of Internet users increases rapidly in the 1990s The US industrial productivity also increases rapidly in the 1990s The US S&P 500 Stock Index also increases rapidly in the 1990s But the Japanese economy and its TOPIX Stock Index has been slumping for more than 10 years throughout 1990s and beyond

Reversal of Relative Economic Strengths of Two Largest Economies: 

Reversal of Relative Economic Strengths of Two Largest Economies However, in the 1990s and beyond, the relative economic powers of Japan and USA were reversed Japanese economy has slumped for more than 10 years now and still has not recovered

Great Benefit of Efficient Language-Computer-Interface In Information Age: 

Great Benefit of Efficient Language-Computer-Interface In Information Age Efficient English language-computer-interface enables US industry to take full advantage of Internet revolution to increase industrial productivity rapidly Japanese industry has not been able to take full advantage of Internet revolution because of problems in its language-computer-interface similar to those of Chinese Combined effect of language-computer-interface and Internet revolution started in the 1990s is one of several important factors causing such a dramatic reversal of economic powers from 1980s to 1990s

Hollowing Of Taiwan Industry (1 of 2): 

Hollowing Of Taiwan Industry (1 of 2) Taiwan has build a very successful OEM type of mass production industry in the last 30 years This success has elevated the standard of living in Taiwan to a very high level Many developing countries are now copying the Taiwan success model These developing countries are taking substantial portion of the OEM mass production business away from Taiwan because their labor costs are much lower than that of Taiwan

Hollowing Of Taiwan Industry (2 of 2): 

Hollowing Of Taiwan Industry (2 of 2) Taiwan economy is currently suffering the deepest recession since the 1970s due to this severe problems of hollowing of Taiwan industry With such cheap labor competition from several developing countries, Taiwan industry must move upward to more knowledge-intensive industries

Solution For Problems OfHollowing Of Taiwan Industry: 

Solution For Problems Of Hollowing Of Taiwan Industry Taiwan industry needs an efficient Chinese language-computer-interface system to enable Taiwan industry to take full advantage of Internet revolution to build a strong knowledge-intensive industry Dr. Victor C. Yeh has shown us a method to achieve an efficient Chinese language-computer-interface system by using a set of 85 Chinese alphabetic letters All Chinese characters can be spelled from these 85 Chinese alphabetic letters We need to encode only the 85 Chinese alphabetic letters instead of many thousands of Chinese characters in the computer, thereby, eliminating all the 6-dimensional nasty problems of existing inefficient Chinese language-computer-interface systems similar to those of Japan