By Stephen D. Cohen
Closing a severe hole within the literature interpreting the strained courting among the U.S. and Japan, this booklet synthesizes the commercial, political, old, and cultural components that experience led those international locations, either practitioners of capitalism, alongside fairly various paths looking for various ambitions. Taking an goal, multidisciplinary procedure, the writer argues that there's no unmarried reason behind Japan's family financial or overseas alternate successes. really, his research issues to a systemic mismatch that has been misdiagnosed and handled with insufficient corrective measures. This systemic mismatch within the company technique, monetary rules, and attitudes of the U.S. and Japan created and is perpetuating 3 many years of bilateral monetary frictions and disequilibria.
As lengthy as either the U.S. and Japan deal extra with indicators than motives, bilateral difficulties will persist. This book's targeted research will motivate a greater knowing on each side of the Pacific of what has occurred, is going on, and may proceed to take place if company executives and policymakers within the nations don't larger notice the level in their adjustments and undertake higher corrective measures.
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Extra info for An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions
Department of Commerce. 8. "Profiles of the 1996 Cars," Consumer Reports (April 1996), p. 46. 9. See The Wall Street Journal, October 9, 1996, p. Al; Japan Economic Institute, Report 11B, March 22,1996, pp. 10-12; Los Angeles Times, March 4,1996, p. Dl; and Washington Post, March 16,1996, p. A22. 2 A History of Contemporary Bilateral Trade Relations Why do other countries view our economic accomplishments with so much hostility? — Frequently asked Japanese question The nail that sticks up gets hammered down.
A22. 2 A History of Contemporary Bilateral Trade Relations Why do other countries view our economic accomplishments with so much hostility? — Frequently asked Japanese question The nail that sticks up gets hammered down. — Traditional Japanese proverb History is useful in making the present at least a little more understandable. -Japanese trade relations, a knowledge of events occurring from the late 1960s through the mid-1990s is the first step in recognizing the larger forces that shape and sustain this relationship.
S. economy and on global economic relations. S. S. trade policy in which foreign policy objectives overwhelmingly had been placed ahead of domestic interests. S. sensitivity to relatively rapid increases in imports spurred Congress to relax the statutory criteria for demonstrating import-induced History 23 injury under the so-called escape clause. This measure offers domestic producers the possibility of temporary relief (higher tariffs a n d / o r quotas) from intense, albeit fair, foreign competition if the petitioner can demonstrate that imports are a substantial cause of serious injury, or threat thereof, to the domestic industry.
An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions by Stephen D. Cohen