Economics in the 20th century seemed to be a construct of material
civilization. The economics of mass production brought countries
with industrial technologies to become dominant economic powers.
However, at the end of the century, many more countries became capable
of mass production through significant progress in science. If every
country follows a similar economic policy, those with the lowest
production cost have an advantage. Japan, with few resources and
high land and labor costs, is vulnerable to overseas competition.
In extreme cases, the future of a nation may be affected. We believe
that Japan needs to win the economic competition using value-added
products developed through state-of-the-art technologies that other
countries cannot follow easily. Another goal should be to prevent
important scholarship and technologies from being lost to the country.
In this way, we can build an infrastructure for Japan’s future.