By Stephen D. Cohen
Closing a serious hole within the literature reading the strained courting among the U.S. and Japan, this ebook synthesizes the industrial, political, old, and cultural components that experience led those international locations, either practitioners of capitalism, alongside fairly various paths looking for assorted targets. Taking an target, multidisciplinary strategy, the writer argues that there's no unmarried reason for Japan's family financial or international exchange successes. quite, his research issues to a systemic mismatch that has been misdiagnosed and taken care of with insufficient corrective measures. This systemic mismatch within the company process, fiscal regulations, and attitudes of the U.S. and Japan created and is perpetuating 3 a long time of bilateral fiscal frictions and disequilibria.
As lengthy as either the U.S. and Japan deal extra with signs than explanations, bilateral difficulties will persist. This book's precise research will inspire a greater figuring out on each side of the Pacific of what has occurred, is going on, and should proceed to take place if company executives and policymakers within the nations don't higher discover the level in their variations and undertake larger corrective measures.
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Additional info for An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions
Bonds, But the Markets Are Calm," Reuter Business Report (October 23,1990) available from the Lexis/Nexis data base. 11. Jeffrey E. S. Department of Commerce, December 2,1994, p. 5. 3 An Uncompromising Japanese Interpretation of Trade Frictions The United States has continuously refused to admit its declining competitive power as the true cause of the existing trade friction and has continued to maintain that it has been a victim of cheap labor, dumping, and other unfair export practices by Japan.
These gaps are so wide that they have become part of the problem. The two chapters seek to explain — fully, unequivocally, and passionately — the mutually exclusive arguments of the two sides. This chapter is not objective scholarship but is, instead, designed to be the equivalent of a legal brief, unapologetically articulating the Japanese case against the United States. S. case against Japan unfolds in similar fashion in Chapter 4. The veracity of and the author's opinion on the many arguments presented in these two chapters are irrelevant to an exercise in roleplaying.
Not even the relatively quick economic recovery from the two price shocks of the Organization of Petroleum Exporting Countries could instill a sense of serenity and security in the Japanese psyche. The uncertain world of the Japanese people suggests that working harder and better is a necessity, not an option. No matter how hard they work, they are a tiny minority on the global scene and are unable to attain the same social status and peace of mind possessed by the white AngloSaxon establishment.
An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions by Stephen D. Cohen