Although U.S. and British-style capitalism has prevailed throughout the world, Japan should fight to preserve the positive aspects of its traditional economic systems, scholars and economists said at a recent seminar in Tokyo.
Ronald Dore, a senior research fellow at London School of Economics and Political Science, said the convergence of varying economic systems into a single pattern is not an inevitability.
"As a result of industrial globalization, individual countries cannot implement selfish rules in many areas," Dore said in fluent Japanese. "But they can still decide on their own economic systems."