Passage 3In the age of a global economy and an information society, the world is now seeking a new
In the age of a global economy and an information society, the world is now seeking a new economic pattern beyond traditional capitalism and socialism.
As the influence of Japan in the world economy becomes greater, Japanese companies will necessarily be globalized in a borderless economy. There are two aspects to the information revolution. The first is rapid technologic innovation in various fields such as microelectronics, new materials and biotechnology. The second is the reorganization of industrial structure. These environmental changes require the Japanese economy to be a driving force of technological innovation and to create new business and new employment opportunities. Japanese companies should meet requirements not only to survive themselves, but also to lead the new industrial revolution throughout the world.
We can say that the concept of HES proposes a new economic system which Japan has actually developed in the process of adaptation to a changing environment. HES is a system that can integrate both the efficiency of capitalistic competition and the equality of socialistic democracy. It is a system that can resolve the internal contradiction of both the systems of capitalism and socialism, in which power is concentrated in minority the capitalists or the central government. Moreover, HES is a system of high productivity, which the Japanese economy demonstrates.
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