Many underdeveloped countries have been increasingly demonstrating a strong sentiment of nationalism. This sentiment has found expression in, among other ways, glorification of past traditions and idealization of qualities in the native culture. Such romanticism, if it produces a solidarity and purposeful singlemindedness, can prove expedient for mobilizing social forces necessary to lead to economic change. However, in the process of buttressing national pride and consciousness and in programming for economic development, traditional values and some institutions of the predevelopment phase will be useful only if they are retained in general form. Thus, the Meiji revolution of Japan was successful in romanticizing some of the spirit of old Japan (Bushido) but, at the same time, it adopted the concrete substance of western institutions, which prepared the transformation of the Japanese economy into a developing system. But, if national romanticism is such that it leads to sterile and slavish imitation of anachronistic forms, national energy will be diverted to nativistic frivolity and waste. Such romantic attachment does not lead to the establishment of the social milieu necessary to developing and expanding institutions which will create the conditions for the take-off phase of the economy.
One team of industry, government, and academia to create a new wind for the Japanese economy
