Cover image for Troubled times : U.S.-Japan trade relations in the 1990s
Title:
Troubled times : U.S.-Japan trade relations in the 1990s
Author:
Lincoln, Edward J.
Personal Author:
Publication Information:
Washington, D.C. : Brookings Institution Press, [1999]

©1999
Physical Description:
xiv, 321 pages : illustrations ; 23 cm
Language:
English
Contents:
Introduction -- Evolving trade patterns -- The investment dimension -- Trade negotiations in the 1990s -- A changing Japan? -- Dealing with Japan.
Reading Level:
1590 Lexile.
ISBN:
9780815752684

9780815752677
Format :
Book

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Summary

Summary

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 hasany chance of realizing gains over time.


Author Notes

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.


Reviews 1

Choice Review

Lincoln (Foreign Policy Studies, Brookings Institution) builds on his previous book Japan's Unequal Trade (1990) in this volume, which deals with three questions: 1) How does access to Japanese domestic markets compare with that of other industrialized countries? 2) Is that access important to the US foreign policy agenda? And (3) if so, what is an appropriate policy approach? International trade statistics provided by the author indicate that imports and foreign investment in the Japanese economy are relatively smaller than in other countries. Although Japan's economy is second in size only to the US, it has little prospect for an internal policy shift toward greater access. Thus Lincoln concludes that trade with Japan merits continuing attention but does not rank with such issues as nuclear disarmament on the US administration's foreign policy agenda. For guidance on appropriate policy approaches in the future, Lincoln turns to an evaluation of the negotiation strategies and results of the Bush and Clinton administrations during the 1990s. The limited success of those efforts provides a basis for the author's policy recommendations in the concluding chapter. Recommended for international trade collections supporting upper-division undergraduate through professional users. E. L. Whalen University of Houston System


Table of Contents

The Brookings Institutionp. v
Forewordp. vii
Chapter 1 Introductionp. 1
Chapter 2 Evolving Trade Patternsp. 17
Conclusionp. 73
Chapter 3 The Investment Dimensionp. 76
Conclusionp. 113
Chapter 4 Trade Negotiations in the 1990sp. 116
Conclusionp. 165
Chapter 5 A Changing Japan?p. 167
Conclusionp. 202
Chapter 6 Dealing with Japanp. 205
Conclusionp. 253
Appendix A The Measurement of Intra-Industry Tradep. 257
Appendix B Measures by the Government of Japan and the Government of the United States of America regarding Autos and Auto Partsp. 259
Notesp. 283
Indexp. 307