Trade Friction and Economic Policy: Problems and Prospects for Japan and the United States

by Ryuzo Sato (Editor), Paul Wachtel (Editor)

Overview

This volume presents the proceedings of an international conference held in 1986, a year in which the policy frictions between Japan and the United States were particularly heated. The issues discussed herein are of broader interest than the crises reported in the daily press. The conference programme and discussions attempt to put these crises in perspective and thereby contribute to our understanding of economic policy.

Product Details

ISBN-13:	9780521067058
Publisher:	Cambridge University Press
Publication date:	06/26/2008
Pages:	256
Product dimensions:	5.90(w) x 8.90(h) x 0.60(d)

Table of Contents

Foreword Richard R. West; Preface; 1. Introduction Paul Wachtel; Part I. Sources of Trade Friction: 2. Restructuring the Japanese economy from a global perspective Yoshio Okawara; 3. Is the Japan problem over? Paul Krugman; Discussions Shunichi Tsutsui and Harry P. Bowen; 4. The Japanese–US trade friction: some perspectives from the Japanese business community Masaya Miyoshi; 5. Industrial policy in Japan: over and evaluation Kotaro Suzumura and Masahiro Okuno-Fujiwara; Discussions Barbara Goody Katz and M. Therese Flaherty; Part II. Macroeconomic Policy: 6. The US and Japanese economies in the remaining Reagan years Paul A. Samuelson; 7. US macroeconomic policy and trade relations with Japan Herbert Stein; 8. New financial aspects of the US–Japanese trade relationship Roy C. Smith; 9. Japanese–US current accounts and exchange rates before and after the G5 agreement Kazuo Ueda; Discussions Robert Cumby and Richard C. Marston; Part III. Trade Policy: 10. Costs and benefits to the United States of the 1985 steel import quota program David G. Tarr; Discussions Lawrence J. White and Mitsuaki Sato; 11. Limits of trade policy toward high technology industries: the case of semiconductors Thomas A. Pugel; Discussions Rama V. Ramachandran and Ruth S. Raubitschek; Index.