By Stephen D. Cohen
Closing a serious hole within the literature reading the strained dating among the U.S. and Japan, this e-book synthesizes the commercial, political, old, and cultural components that experience led those international locations, either practitioners of capitalism, alongside fairly varied paths looking for diverse objectives. Taking an goal, multidisciplinary process, the writer argues that there's no unmarried cause of Japan's family fiscal or international 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 procedure, financial guidelines, and attitudes of the U.S. and Japan created and is perpetuating 3 a long time 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 detailed research will motivate a greater knowing on each side of the Pacific of what has occurred, is occurring, and may proceed to take place if company executives and policymakers within the nations don't greater notice the level in their modifications and undertake higher corrective measures.
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Additional resources for An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions
Most Americans have found it more comfortable to point a finger at foreign duplicity than to admit to internal economic weaknesses, a relative decline in industrial competitiveness, and a growing preference for imported goods. S. S. acceptance of the need to adopt remedial measures, many of which would be neither simple nor painless. " While admitting a tardiness in liberalizing tariff and nontariff barriers to imports, most Japanese are at a loss to understand why Americans and others refuse to believe the empirical data showing that, by the 1980s, their market was as open to foreign goods as that of any other country.
Laura D'Andrea Tyson, Who's Bashing Whom? C: Institute for International Economics, 1992), pp. 66-91; Scott Latham, "Poor, Poor Motorola/' The Wall Street Journal, March 3,1994, p. A16. The alleged victim in the pro-Japanese argument was the private Japanese phone carrier who was forced by a government-to-government Defining Structural Problems 17 agreement in 1994 to invest the equivalent of more than $100 million of its own capital to build relay facilities to enable Motorola's cellular phones to operate in the Tokyo area.
S. ships. Edwin O. "2 Japan's worst fears about dealing with the West were soon confirmed. S. treaty spread, warships from the European powers arrived, demanding equivalent market access. Imposed in 1866, the socalled unequal treaties forced Japan to limit its tariff levels to a maximum of 5 percent. 3 By the beginning of the twentieth century, Americans already were expressing anxiety over Japan's commercial prowess. S. writer in 1904 as presenting "the amazing spectacle of an Eastern society maintaining all the outward forms of Western civilization .