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The Political Economy of Trade Conflicts - The Management of Trade Relations in the US-EU-Japan Triad (Paperback, Softcover reprint of the original 1st ed. 1994)
Loot Price: R2,751
Discovery Miles 27 510
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The Political Economy of Trade Conflicts - The Management of Trade Relations in the US-EU-Japan Triad (Paperback, Softcover reprint of the original 1st ed. 1994)
Series: Europe-Asia-Pacific Studies in Economy and Technology
Expected to ship within 10 - 15 working days
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David Ricardo's law of comparative advantage and his finding that
free trade increases the wealth of all participating nations is one
of the very few economic laws which is accepted by almost all
economists. But economic reason and economic policy do not always
follow the same path. This especially applies to trade policies. A
substantial and growing part of trade between Japan, Europe and the
US does not follow the principles of free trade, but is more
accurately managed trade. The management of international trade,
international trade negotiations, and the political dynamics of
trade conflicts create a complex reality which follows its own laws
without regard to economic policy prescriptions. This
political-economic reality was the subject of the conference 'The
Political Economy of Trade Conflicts' organizedjoindy by the German
Institute for Japanese Studies and the Friedrich-Ebert-Foundation
together with the Institute of Modern Political Science and
Economics of Waseda University in December 1993. We present the
results of the conference in this reader. Three issues were of
special importance: the US-Japanese conflict over the reduction of
trade imbalances via quantitative import targets; the
liberalization of trade in agricultural products, especially the
opening of the Japanese rice market; and the trade tensions between
the European Union, the US and Japan in high technology industries.
The conference took place immediately before the conclusion of the
Uruguay Round, and yet its subject continues to be of high
political importance. In early 1994, the US-Japan conflict around
quantitative import targets became more tense.
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