THE NORTH-SOUTH PROBLEM AND JAPAN

The author intends to clarify the poverty of the prevailing economic theories for the fundamental solution of the new “World Dispute.” The so-called “Theory of Modern Capitalism” was characterized as backward nationalism expressing the interests of the industrialized countries, in contrast to the forward nationalism of growing countries who are demanding the renovation of the present international economic system. This paper contains some proposals in order to take a step further towards solving the problem of integrating both the backward and forward aspects of nationalism, which by nature is dual.