By Stephen D. Cohen
Closing a serious hole within the literature interpreting the strained courting among the U.S. and Japan, this e-book synthesizes the industrial, political, old, and cultural elements that experience led those countries, either practitioners of capitalism, alongside relatively diversified paths looking for varied pursuits. Taking an goal, multidisciplinary process, the writer argues that there's no unmarried reason behind Japan's family fiscal or international alternate successes. fairly, his research issues to a systemic mismatch that has been misdiagnosed and handled with insufficient corrective measures. This systemic mismatch within the company method, financial regulations, and attitudes of the U.S. and Japan created and is perpetuating 3 many years of bilateral financial frictions and disequilibria.
As lengthy as either the U.S. and Japan deal extra with signs than factors, bilateral difficulties will persist. This book's specific research will inspire a greater realizing on each side of the Pacific of what has occurred, is going on, and may proceed to take place if company executives and policymakers within the international locations don't higher detect the level in their ameliorations and undertake larger corrective measures.
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Extra info for An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions
S. effort to expand the scope of its efforts to open the Japanese market beyond relatively narrow, time-consuming, product-by-product negotiations. The first incarnation of a more efficient liberalization process was the MarketOriented Sector-Selective (MOSS) talks that began in 1985. S. companies were demonstrably competitive in the international marketplace but experienced relatively poor results exporting to that country. The Japanese government eventually agreed to take market-opening measures in all four of the originally selected MOSS sectors — electronics, telecommunications equipment and services, medical equipment and pharmaceuticals, and forest products.
S. market access demands. S. S. goods. S. S. supercomputers. S. government and industry were satisfied with market access. Japan substantially liberalized cigarette imports at the time mainly to head off impending retaliation by the Reagan administration. S. efforts to convince the then government-owned Nippon Telegraph and Telephone Corporation to channel a respectable portion of its multibillion dollar telecommunications equipment contracts to foreign firms commenced in 1980 and continued into the 1990s even after the company was privatized.
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. The cultural and political bonds linking Western Europe and North America are not applicable to a spiritually and geographically distant Japan. The Atlantic Alliance and the Atlantic Community still have no Pacific counterparts.
An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions by Stephen D. Cohen