"Social, economic, and technological megatrends are giving Japan its best chance at economic recovery in a generation. Just as entrepreneurship created Japan's post-war economic miracle, it will take a new generation of entrepreneurs to propel revival. At present, Japan suffers one of the lowest...

Like Japan, the countries of Scandinavia went through big macroeconomics crises brought on by structural flaws. The difference is that their recoveries came more quickly and have been far more robust. Once again, the Scandinavian economies are treated as models. We argue that three factors shed...