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The Question of Access to the Japanese Market

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  • PETER DRYSDALE

Abstract

It is now widely accepted that Japan has relatively low official barriers to merchandise, particularly manufactured goods, trade relative to other industrial countries. Yet, Japan's current account and trade surpluses have encouraged the view that there must be special ‘hidden barriers’ to accessing the Japanese market, and a literature has developed on the premise that Japanese business organizations (keiretsu) limit foreign penetration of markets of manufactured goods. This paper surveys the main elements of this literature and questions some of the assumptions upon which recent American policy in this area seems to have been developed.

Suggested Citation

  • Peter Drysdale, 1995. "The Question of Access to the Japanese Market," The Economic Record, The Economic Society of Australia, vol. 71(3), pages 271-283, September.
    • Handle: RePEc:bla:ecorec:v:71:y:1995:i:3:p:271-283
    DOI: 10.1111/j.1475-4932.1995.tb01894.x
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    1. Gundlach, Erich & Nunnenkamp, Peter, 1997. "Labor markets in the global economy: How to prevent rising wage gaps and unemployment," Kiel Discussion Papers 305, Kiel Institute for the World Economy (IfW Kiel).

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