Troubled Times: U. S. - Japan Trade Relations in the 1990s

Overview

In this book, Edward J. Lincoln tackles the thorny issue of U.S. trade relations with Japan, the subject of so much tension in the 1990s. Lincoln argues that statistical evidence shows only modest progress in diminishing Japan's "distinctiveness." Despite an upturn in the mid-1990s, import penetration, intra-industry trade, and inward foreign direct investment all remain low relative to most other nations. While Lincoln offers suggestions on what needs to be done by both sides, the most important lesson drawn ...
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Overview

In this book, Edward J. Lincoln tackles the thorny issue of U.S. trade relations with Japan, the subject of so much tension in the 1990s. Lincoln argues that statistical evidence shows only modest progress in diminishing Japan's "distinctiveness." Despite an upturn in the mid-1990s, import penetration, intra-industry trade, and inward foreign direct investment all remain low relative to most other nations. While Lincoln offers suggestions on what needs to be done by both sides, the most important lesson drawn from recent experience is that expectations should be lowered. Any feasible approach to making markets more open in Japan is likely to yield slow progress. Such realism - not to be confused with defeatism - is the only approach that has any chance of realizing gains over time.
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Editorial Reviews

Booknews
Looks at changes in Japan's international trading patterns since Lincoln's 1990 , and at the informal barriers that still impede the import of US manufactured goods and services. He discusses statistical evidence, the situation of particular industries, the manipulation of standards and testing procedures, collusion between Japanese manufacturers, problems in the country's financial industry, and other factors. Annotation c. Book News, Inc., Portland, OR (booknew.com)
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Product Details

  • ISBN-13: 9780815752677
  • Publisher: Brookings Institution Press
  • Publication date: 5/28/1999
  • Pages: 321
  • Lexile: 1590L (what's this?)
  • Product dimensions: 6.01 (w) x 9.00 (h) x 1.00 (d)

Meet the Author

Edward J. Lincoln is a senior fellow in Asia and Economic Studies at the Council on Foreign Relations. His previous Brookings books include Arthritic Japan (2001), Troubled Times: U.S.-Japan Trade Relations in the 1990s (1999), Japan's New Global Role (1995), and Japan's Unequal Trade (1990). In the mid-1990s, Lincoln served as special economic advisor to Walter Mondale, former U.S. ambassador to Japan.

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Table of Contents

1 Introduction 1
2 Evolving Trade Patterns 17
3 The Investment Dimension 76
4 Trade Negotiations in the 1990s 116
5 A Changing Japan? 167
6 Dealing with Japan 205
App. A The Measurement of Intra-Industry Trade 257
App. B Measures by the Government of Japan and the Government of the United States of America Regarding Autos and Auto Parts 259
Notes 283
Index 307
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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted November 6, 2000

    an informative account of US-Japan relations

    'Troubled Times' is a highly informative account of Japan's economy by a former employee of the US embassy in Tokyo. Some of the statistical material in chapter 2 would probably not pass muster with professional economists, but the description of bilateral trade negotiations between the US and Japan in chapter 4 is the best around. Chapter 6 contains sensible policy recommendations.

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