See related story:
Is Japan about to ride an M&A wave, or flounder in just a ripple?
Japan should embrace transition to a postindustrial economy, which will require the nation to review its traditional way of doing business as well as its education system, professors from U.S. business schools told a recent symposium in Tokyo.
All advanced industrialized economies, rather than resist the trend, should recognize that their future is not in traditional manufacturing, they said. Meanwhile, emerging economies like China and India are not content with making low-end, labor-intensive products but are investing heavily in human capital to move up the value chain, they added.