AbstractThis paper investigates the sequence of trade liberalization in postwar Japan and its determinants. As the Japanese government utilized the foreign exchange allocation system as a tool for the industrial policy, especially for protecting domestic industries, in the 1950s, trade liberalization was considered to give a serious impact on those industries, and designing the sequence of trade liberalization was an important policy issue. We indentified the timing of liberalization of each commodity using original official documents, and examined what factors affected on the timing. It was found that in designing the sequence of trade liberalization, the government took into account of competitiveness of domestic industries and survivability of small and medium-sized firms.
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Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series PRIMCED Discussion Paper Series with number 5.
Date of creation: Jan 2011
Date of revision:
Trade liberalization; Political economy; Industrial policy; Foreign exchange; Japan;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
- P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
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