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Protectionism and International Trade Negotiations During the 1980s

In: The New Protectionist Wave

Author

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  • Enrico Sassoon

Abstract

In May 1981, in the middle of the recession that followed the second oil shock, a group of workers from General Motors went on strike in Detroit waving placards. One of them asked bitterly: ‘Are you hungry? Eat your Toyota’. The American automotive industry was facing a crisis, and workers were laid off in large numbers by aging factories that were no longer able to compete. These were the years when Japanese producers of automobiles made their larger inroads in the vast American market. In 1980 Japanese firms had exported 1.82 million cars to the United States, taking a fifth of the US automobile market.

Suggested Citation

  • Enrico Sassoon, 1990. "Protectionism and International Trade Negotiations During the 1980s," Palgrave Macmillan Books, in: Enzo Grilli & Enrico Sassoon (ed.), The New Protectionist Wave, chapter 1, pages 1-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11064-3_1
    DOI: 10.1007/978-1-349-11064-3_1
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