Scenarios about 'bubble economy'
The bubble economy refers to a rapid economic expansion driven by artificially inflated asset prices that eventually proves unsustainable and collapses. Most famously exemplified by Japan's economic situation in the late 1980s, it involved soaring real estate and stock market values followed by a devastating crash and prolonged stagnation. In alternate history scenarios, different outcomes of bubble economies can dramatically alter national trajectories, global power balances, and technological development paths.
What If Japan's Keiretsu System Was Reformed Earlier?
Exploring the alternate timeline where Japan's powerful business conglomerates underwent significant structural reforms in the early 1980s, potentially averting the lost decades and reshaping the global economic landscape.