I can remember similar predictions about Japan and... let's say they didn't make it.
I can remember similar predictions about Japan and... let's say they didn't make it.
Remember the huge geisha advert in the 1982 Blade Runner? People were extrapolating from decades of Japanese economic growth, and thought that Japan will leave everyone behind...
"Gung Ho" (1986) and "Die Hard" (1988) both feature Japanese corporate overlords doing things as core elements of the plot. Not necessarily evil, its just kinda assumed that Japan would take over large parts of even the US Economy back then.
Japan's "economic miracle", although it was cut short by the 1990s, was an incredible rise. Japan is still one of the major world economic powers, in large part due to its humongous growth.
To overtake the US, each Japanese worker would have had to produce twice as much value as an American worker, but each Chinese or Indian worker only needs to produce a quarter as much as an American worker.