In recent years, there has been a powerful trend on the global scene and above all in the Asian region for the private sector in general and private industry in particular to assume a growing, and indeed leading, role in economic and industrial development. This article reviews some recent...

Present economic relations between Japan and Europe are marred by misunderstanding and ignorance of one another's positions, Mr. Ichikawa stresses here. Neither side has anything to gain from the continuance of this situation: a new phase - one of understanding and cooperation - must be begun.