Reconcilable Differences? United States - Japan Economic Conflict

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Product Details

  • ISBN-13: 9780881321296
  • Publisher: Peterson Institute for International Economics
  • Publication date: 1/28/1993
  • Series: Institute for Inetnational Economics
  • Pages: 271
  • Product dimensions: 6.05 (w) x 9.03 (h) x 0.57 (d)

Table of Contents

Preface
Acknowledgments
1 Introduction 1
What Is the Problem? 4
How Different Is Japan? 7
Management of the Relationship 12
Previous Policy Initiatives 14
The Current Policy Framework 18
Plan of the Book 21
2 The Macroeconomic Context 23
US-Japan Trade in a Global Perspective 23
Saving, Investment, and the Trade Balance 36
Macroeconomic Policies in the United States and Japan 43
Conclusions 55
3 Structural Access Barriers 59
The US-Japan Pattern of Trade 60
Industrial Policy 67
Trade Policy 69
Nontraditional Access Barriers 73
US-Japan Rivalry in High Technology 85
Tactical Implications 96
4 The Sectoral Impact 99
Primary Products 100
Manufactures 104
Automobiles 104
Computers 124
Semiconductors 127
Supercomputers 144
Computer Software 149
Telecommunication Services and Equipment 150
High-Definition Television HDTV 156
Services 158
Retailing 159
Construction 161
Financial Services 167
5 Assessment and Lessons 179
Assessment of Market Access Barriers 179
Lessons 190
6 Conclusions and Policy Recommendations 199
Analytical Findings 199
The Trade Imbalances 203
Structural Differences 210
Sector-Specific Issues 219
Cooperative Leadership of the Global Economic System 233
Implementing the Strategy 242
References 249
Index 259
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