![]() However, the historical conditions in China were different. Sources: International Monetary Fund and the United NationsĬhina has also adopted some features of western capitalism and is also to a degree integrating with it. However, after the rise of China in Asia, Japan’s share in the world economy as well as Olympic medals shows a continuous decline.ġ960 Summer Olympic Games Gold Medal Countġ984 Summer Olympic Games Gold Medal CountĢ012 Summer Olympic Games Gold Medal Countġ990 World Economy Ranking by Nominal GDPĢ000 World Economy Ranking by Nominal GDPĢ010 World Economy Ranking by Nominal GDP This fact can be verified by just looking at the share of the gold medals awarded in the 1958 Asian Olympics. ![]() Japan became the second largest economy of the world. It adopted the western capitalist model, completely denying its Asian heritage.Īt first, Japan made tremendous progress. ![]() ![]() After the defeat in the Second World War, Japan developed a defeatist and slavish mentality toward western capitalism. Japan, more than any other country, shows that an Asian country which adopts and completely integrates with western capitalism eventually faces global decline in spite of initially becoming the symbol of great success. What is in common in the situations in Japan, Ukraine, and the Middle East? They all represent the rapid decline of western influence in the world.
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