What Does Japanese Trade Structure Tell Us about Japanese Trade Policy?
Some argue foreign access to Japanese markets remains tightly controlled and that if Japan is to be a member in good standing of the international economic system, Japan must do more than just adhere to the formal rules of the GATT; Japan must show by the results of its international economic transactions that foreign access to its market is not tightly controlled. As this point of view is increasingly dominating American economic diplomacy with Japan, it is particularly important that its premise be examined. First I examine Japan's growth record and trade record. To the extent that Japan's trade performance is different, I explore whether the difference can legitimately be attributed to Japanese policies. This paper finds that neither the price behavior of Japanese firms nor the pattern and volume of what Japan imports or exports suggests that Japan's trade regime is different. Some of Japan's economic institutions may be distinctive but there is little evidence they produce outcomes which distort the international economic system. What remains to be explained is the conviction of so many that Japan is more a parasite than a pillar of the international economic system. The record of economic research directly and indirectly bearing on this issue does not support such a conclusion at all.
Volume (Year): 7 (1993)
Issue (Month): 3 (Summer)
|Contact details of provider:|| Web page: https://www.aeaweb.org/jep/|
More information through EDIRC
|Order Information:||Web: https://www.aeaweb.org/subscribe.html|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aoki, Masahiko, 1986.
"Horizontal vs. Vertical Information Structure of the Firm,"
American Economic Review,
American Economic Association, vol. 76(5), pages 971-983, December.
- Masahiko Aoki, 2013. "Horizontal vs. Vertical Information Structure of the Firm," Chapters, in: Comparative Institutional Analysis, chapter 5, pages 57-58 Edward Elgar Publishing.
- Brown, Fred & Whalley, John, 1980. "General Equilibrium Evaluations of Tariff-Cutting Proposals in the Tokyo Round and Comparisons with More Extensive Liberalisation of World Trade," Economic Journal, Royal Economic Society, vol. 90(363), pages 838-866, December.
- Helpman, Elhanan, 1987. "Imperfect competition and international trade: Evidence from fourteen industrial countries," Journal of the Japanese and International Economies, Elsevier, vol. 1(1), pages 62-81, March.
- Marcus Noland, 1996.
"Public Policy, Private Preferences, and the Japanese Trade Pattern,"
Working Paper Series
WP96-2, Peterson Institute for International Economics.
- Marcus Noland, 1997. "Public Policy, Private Preferences, And The Japanese Trade Pattern," The Review of Economics and Statistics, MIT Press, vol. 79(2), pages 259-266, May.
- Noland, Marcus, 1995. "Why are prices in Japan so high?," Japan and the World Economy, Elsevier, vol. 7(3), pages 255-261, September.
- Irving B. Kravis & Robert E. Lipsey, 1977.
"Price Behavior in the Light of Balance of Payments Theories,"
NBER Working Papers
0181, National Bureau of Economic Research, Inc.
- Kravis, Irving B. & Lipsey, Robert E., 1978. "Price behavior in the light of balance of payments theories," Journal of International Economics, Elsevier, vol. 8(2), pages 193-246, May.
- Marcus Noland & Bela Balassa, 1988. "Japan in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0412, January.
- Marston, Richard C., 1990. "Pricing to market in Japanese manufacturing," Journal of International Economics, Elsevier, vol. 29(3-4), pages 217-236, November.
- Honma, Masayoshi & Hayami, Yujiro, 1986. "Structure of agricultural protection in industrial countries," Journal of International Economics, Elsevier, vol. 20(1-2), pages 115-129, February.
When requesting a correction, please mention this item's handle: RePEc:aea:jecper:v:7:y:1993:i:3:p:21-43. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros)or (Michael P. Albert)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.