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. In so doing, he builds on his earlier Brookings book, Japan's Unequal Trade. 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. High profile negotiating efforts by both the Bush and Clinton administrations made progress in chipping away at protectionist barriers but fundamental problems remain. 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.
Trying to improve access to Japanese markets was one of the more difficult aspects of my job as ambassador, and Americans viewing the situation from afar often have difficulty comprehending the problems. Lincoln's book provides a clear and understandable explanation of the situation and the policy alternatives.--Walter F. Mondale, former U.S. vice president and ambassador to Japan An incisive analysis of market access and U.S.-Japan trade frictions in the 1990s. This unique and timely study tackles important questions about the openness of the Japanese market and the often contentious process of 'dismantling Japan's convoluted and obscure market barriers'. . . . Policymakers and other concerned citizens have much to gain from reading, and acting upon, this major critique of neo-liberal globalization.--International Affairs
Number Of Pages: 321
Published: 1st May 1999
Publisher: Brookings Institution
Country of Publication: US
Dimensions (cm): 22.9 x 15.2 x 2.57
Weight (kg): 0.5