On the other hand, economic expansion that had lasted for two years, dubbed the Olympics boom, had its peak in October 1964 and Japan's economy experienced a downturn for a year thereafter. From this experience, some worry about economic activity from the second half of next year, but there is no need to be too pessimistic.
According to this view, the United States commands an unrivalled comparative advantage on a global scale in terms of financial market deepness, liquidity and legal infrastructure, and is positioned at the financial core of a rapidly integrating world, while high-growth industrialising economies lack the capability to produce the financial assets necessary to safely store wealth and fully reap their growth dividends.