Federal Reserve Bank of Dallas
Excerpts from Remarks on the process of creative destruction
Remarks to the Fort Worth Chamber of Commerce and the Fort Worth Petroleum Club, Leaders in Government Series, Fort Worth, Texas, January 19, 2006 ; "There is a dynamic tension in Japan today. Prime Minister Koizumi has taken on the old political dinosaurs. Young entrepreneurs gathered in the new office buildings in the Roppongi Hills area of Tokyo and elsewhere have challenged the tightly interwoven culture of the old Japanese corporate hierarchy. Foreign investment has positioned itself for a sea change in Japan's direction."
Richard W. Fisher, "Excerpts from Remarks on the process of creative destruction", Speech, Federal Reserve Bank of Dallas, issue Jan 19, 2006.
Keywords: Competition ; Globalization ; Economic conditions - Japan ; Economic conditions - United States
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