IDEAS home Printed from https://ideas.repec.org/p/hit/hituec/a257.html
   My bibliography  Save this paper

U.S. Political Pressure and Economic Liberalization in East Asia

Author

Listed:
  • Takatoshi Ito

Abstract

The object of this paper is two-fold. First, the paper evalutes U.S. pressure for economic liberalization in Japan. Second, its implications for economic and political aspects of the East Asian regional future will be discussed. I will argue that there have been three types of the U.S. pressure on Japan: (i) The traditional type with VERs and other export-limiting measures on Japan; (ii) The SII/MOSS -type in that market access of Japan, which improves the Japanese consumers' welfare, is discussed; and (iii) The result-oriented type where unilateral U.S. gains are sought. The pressure from the United States will not turn Japan to the Asian countories for now. Japan still lacks a market to absorb Asian goods or an idea and principle to lead the Asian countries. However, if EC and NAFTA becomes a reality, the Asian bloc may be formed as a reaction to them.

Suggested Citation

  • Takatoshi Ito, 1992. "U.S. Political Pressure and Economic Liberalization in East Asia," Discussion Paper Series a257, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a257
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Takatoshi Ito & Masayoshi Maruyama, 1991. "Is the Japanese Distribution System Really Inefficient?," NBER Chapters, in: Trade with Japan: Has the Door Opened Wider?, pages 149-174, National Bureau of Economic Research, Inc.
    2. McCubbins, Mathew D & Noll, Roger G & Weingast, Barry R, 1987. "Administrative Procedures as Instruments of Political Control," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 3(2), pages 243-277, Fall.
    3. Weingast, Barry R & Marshall, William J, 1988. "The Industrial Organization of Congress; or, Why Legislatures, Like Firms, Are Not Organized as Markets," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 132-163, February.
    4. Alberto Alesina & Geoffrey Carliner, 1991. "Introduction to "Politics and Economics in the Eighties"," NBER Chapters, in: Politics and Economics in the Eighties, pages 1-16, National Bureau of Economic Research, Inc.
    5. Paul Sheard, 1991. "The Economics of Japanese Corporate Organization and the "Structural Impediments" Debate," Japanese Economy, Taylor & Francis Journals, vol. 19(4), pages 30-78.
    6. Alesina, Alberto & Carliner, Geoffrey (ed.), 1991. "Politics and Economics in the Eighties," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226012810, December.
    7. Alberto Alesina & Geoffrey Carliner, 1991. "Politics and Economics in the Eighties," NBER Books, National Bureau of Economic Research, Inc, number ales91-1, July.
    8. Paul Krugman, 1991. "Trade with Japan: Has the Door Opened Wider?," NBER Books, National Bureau of Economic Research, Inc, number krug91-1, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shujiro Urata, 2020. "US–Japan Trade Frictions: The Past, the Present, and Implications for the US–China Trade War," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(1), pages 141-159, January.
    2. Sebastian Edwards, 1997. "The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?," NBER Working Papers 6334, National Bureau of Economic Research, Inc.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Randall S. Kroszner & Philip E. Strahan, 2001. "Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms," NBER Chapters, in: Prudential Supervision: What Works and What Doesn't, pages 233-272, National Bureau of Economic Research, Inc.
    2. Randall S. Kroszner, 2000. "The economics and politics of financial modernization," Economic Policy Review, Federal Reserve Bank of New York, issue Oct, pages 25-37.
    3. Randall S. Kroszner & Philip E. Strahan, 2000. "Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms," CRSP working papers 512, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    4. Persson, Torsten & Tabellini, Guido, 2002. "Political economics and public finance," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 24, pages 1549-1659, Elsevier.
    5. Pablo T. Spiller, 2003. "The Institutional Foundations of Public Policy: A Transactions Approach with Application to Argentina," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 19(2), pages 281-306, October.
    6. Youngmin BAEK & HAYAKAWA Kazunobu & TSUBOTA Kenmei & URATA Shujiro & YAMANOUCHI Kenta, 2019. "Tariff Pass-through in Wholesaling: Evidence from Firm-level Data in Japan," Discussion papers 19064, Research Institute of Economy, Trade and Industry (RIETI).
    7. Carlos Scartascini & Mariano Tommasi & Ernesto Stein, 2010. "Veto Players and Policy Trade-Offs- An Intertemporal Approach to Study the Effects of Political Institutions on Policy," Research Department Publications 4660, Inter-American Development Bank, Research Department.
    8. David E. Weinstein, 1997. "Foreign Direct Investment and Keiretsu: Rethinking U.S. and Japanese Policy," NBER Chapters, in: The Effects of US Trade Protection and Promotion Policies, pages 81-116, National Bureau of Economic Research, Inc.
    9. Kenn Ariga & Kenji Matsui, 2003. "Mismeasurement of the CPI," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 89-154, National Bureau of Economic Research, Inc.
    10. René Hertog & Jeroen Potjes & A. Thurik, 1994. "Retail profit margins in Japan and Germany," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(2), pages 375-390, June.
    11. Reeder, Richard J. & Calhoun, Samuel D., 2001. "Federal Funding in the South: Bringing Home the Bacon, but Where's the Beef?," The Review of Regional Studies, Southern Regional Science Association, vol. 31(1), pages 1-12, Summer.
    12. John M. de Figueiredo, 2011. "Committee Jurisdiction, Congressional Behavior and Policy Outcomes," NBER Working Papers 17171, National Bureau of Economic Research, Inc.
    13. Fabio Padovano & Ilaria Petrarca, 2013. "When and how politicians take ‘scandalous’ decisions?," Constitutional Political Economy, Springer, vol. 24(4), pages 336-351, December.
    14. Jones, Mark P. & Sanguinetti, Pablo & Tommasi, Mariano, 2000. "Politics, institutions, and fiscal performance in a federal system: an analysis of the Argentine provinces," Journal of Development Economics, Elsevier, vol. 61(2), pages 305-333, April.
    15. Bryan P. Cutsinger & Alexander Marsella & Yang Zhou, 2022. "Insuring legislative wealth transfers: theory and evidence," Public Choice, Springer, vol. 192(1), pages 127-144, July.
    16. P. Hägg, 1997. "Theories on the Economics of Regulation: A Survey of the Literature from a European Perspective," European Journal of Law and Economics, Springer, vol. 4(4), pages 337-370, December.
    17. von Hagen, Jürgen, 1998. "Budgeting institutions for aggregate fiscal discipline," ZEI Working Papers B 01-1998, University of Bonn, ZEI - Center for European Integration Studies.
    18. John de Figueiredo, 2013. "Committee jurisdiction, congressional behavior and policy outcomes," Public Choice, Springer, vol. 154(1), pages 119-137, January.
    19. Keefer, Philip, 2004. "Elections, special interests, and the fiscal costs of financial crisis," Policy Research Working Paper Series 3439, The World Bank.
    20. Ronald N. Johnson & Gary D. Libecap, 2003. "Transaction Costs and Coalition Stability under Majority Rule," Economic Inquiry, Western Economic Association International, vol. 41(2), pages 193-207, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:hituec:a257. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hiromichi Miyake (email available below). General contact details of provider: https://edirc.repec.org/data/iehitjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.