Eamonn Fingleton, a prescient former editor for "Forbes" and the "Financial Times", has been monitoring East Asian economics since he met supreme leader Deng Xiaoping in 1986 as a member of a top U.S. financial delegation. The following year he predicted the Tokyo banking crash and went on in "Blindside", a controversial 1995 analysis that was praised by J. K. Galbraith and Bill Clinton, to show that a heedless America was fast losing its formerly vaunted dominance in advanced manufacturing to Japan. His book "In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the...