In this article, the thesis being presented is that over-investment into advanced technology and infrastructure leads to economic stagnation in the long-run.

    One of the examples cited is the famous stagnation of the Japanese economy. The article claims that the one of the factors causing stagnation in the Japanese economy was over-investment.

    I am a layman with only an economics 101 education, so I do not have a detailed, point-by-point grasp of why high investment into technology and infrastructure is not a reliable long-term strategy. I would assume that technology should lead to efficiency and productivity gains, that offset the debt incurred by the initial investment.

    I'd like a book recommendation that breaks down why this is the case, preferably with Japan as the case study, but any similar scenario in a different country will do.

    Book recommendations explaining Japan's economic stagnation?
    byu/enkanshi inAskEconomics



    Posted by enkanshi

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