By Stephen D. Cohen
Closing a severe hole within the literature reading the strained dating among the U.S. and Japan, this e-book synthesizes the commercial, political, ancient, and cultural components that experience led those international locations, either practitioners of capitalism, alongside fairly various paths looking for varied objectives. Taking an target, multidisciplinary technique, the writer argues that there's no unmarried reason behind Japan's household fiscal or international alternate successes. particularly, 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 procedure, financial guidelines, 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 indicators than motives, bilateral difficulties will persist. This book's detailed research will inspire a greater figuring out on each side of the Pacific of what has occurred, is going on, and should proceed to ensue if company executives and policymakers within the nations don't higher notice the level in their ameliorations and undertake larger corrective measures.
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Additional info for An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions
A16. The alleged victim in the pro-Japanese argument was the private Japanese phone carrier who was forced by a government-to-government Defining Structural Problems 17 agreement in 1994 to invest the equivalent of more than $100 million of its own capital to build relay facilities to enable Motorola's cellular phones to operate in the Tokyo area. Subsequent events reduced the company's martyr status. Senior executives of IDO Corporation later said that the forced marriage with Motorola has been vital to the company's ability to survive in Japan's intensely competitive cellular phone market; see, for example, "Cellular Firm Sees Former Foe as Ally," Nikkei Weekly, April 3,1995, p.
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. S. viewpoints. THE FRAGILE OUTSIDER Japan's successful pursuit of industrial power has failed to extinguish the country's historically intense feelings of vulnerability and isolation. Most Japanese perceive their country as a tenuous economic superpower whose position of strength could suddenly be undermined at any time from unforseen internal setbacks or hostile actions abroad.
About the only thing on which there is nearly unanimous agreement is that only one country has acted honorably. One viewpoint attributes problems to the insatiable appetite of the United States for ill-conceived, sometimes irrational demands on Japan. The contradictory viewpoint apportions blame to Japan's self-absorbed, nonmarket approaches to industrial organization and trade policy. Given this book's emphasis on the importance of perception, it will avoid the traditional, oversimplified approach of taking sides.