alternatehistory.com

Back in the 1980s as Japan's economic prowess grew there occurred in the United States a Japanese based xenophobia which created in the American mind all kinds of frightening scenarios, each culminating with Japan replacing America as the world’s premiere economic power.

One such American horror story (likely apocryphal) was that Japan had offered to absorb Brazil's international debt (with a supporting profit-sharing deal) for the exclusive right to develop the Amazon Rainforest. Assuming such a deal was actually in the offing and that an economically desperate Brazil took such a deal, do you think Japan today would be, what so many Americans feared, the dominate economic power? How so?
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