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.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" 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.
|Date of creation:||1993|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://fordschool.umich.edu/rsie/
More information through EDIRC
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 971-83, December.
- 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 838-66, December.
- Marston, Richard C., 1990. "Pricing to market in Japanese manufacturing," Journal of International Economics, Elsevier, vol. 29(3-4), pages 217-236, November.
- 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.
- Marcus Noland, 1996. "Public Policy, Private Preferences, and the Japanese Trade Pattern," Working Paper Series WP96-2, Peterson Institute for International Economics.
- 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.
- 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.
- 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.
- Noland, Marcus, 1995. "Why are prices in Japan so high?," Japan and the World Economy, Elsevier, vol. 7(3), pages 255-261, September.
- 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 & Bela Balassa, 1988. "Japan in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0412, May.
When requesting a correction, please mention this item's handle: RePEc:mie:wpaper:337. 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: (FSPP Webmaster)
If references are entirely missing, you can add them using this form.