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Closing a critical gap in the literature examining the strained relationship between the U.S. and Japan, this book synthesizes the economic, political, historical, and cultural factors that have led these two nations, both practitioners of capitalism, along quite different paths in search of different goals. Taking an objective, multidisciplinary approach, the author argues that there is no single explanation for Japan's domestic economic or foreign trade successes. Rather, his analysis points to a systemic mismatch that has been misdiagnosed and treated with inadequate corrective measures. This systemic mismatch in the corporate strategy, economic policies, and attitudes of the U.S. and Japan created and is perpetuating three decades of bilateral economic frictions and disequilibria.
As long as both the U.S. and Japan deal more with symptoms than causes, bilateral problems will persist. This book's unique analysis will encourage a better understanding on both sides of the Pacific of what has happened, is happening, and will continue to happen if corporate executives and policymakers in the two countries do not better realize the extent of their differences and adopt better corrective measures.
|1||Defining the Nature and Causes of Structural Problems in U.S.-Japanese Trade Relations|
|2||A History of Contemporary Bilateral Trade Relations|
|3||An Uncompromising Japanese Interpretation of Trade Frictions|
|4||An Uncompromising U.S. Interpretation of Trade Frictions|
|5||How Not to Explain Bilateral Trade Problems: Myths, Distortions, and Half-Truths|
|II||Why it Happened|
|6||The Domestic Foundations of Japan's Foreign Trade Performance|
|7||The Domestic Foundations of U.S. Foreign Trade Performance|
|8||Divergent International Economic Policy Strategies|
|9||The Asymmetrical Bilateral Negotiating Process|
|10||Synthesizing the Arguments|
|11||Minimizing U.S.-Japanese Trade Frictions in the Future|