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Regionalism and Rivalry - Japan and the U.S. in Pacific Asia (Hardcover, New)
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Regionalism and Rivalry - Japan and the U.S. in Pacific Asia (Hardcover, New)
Series: (NBER) National Bureau of Economic Research Conference Reports
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As Japan's newfound economic power leads to increased political
power, there is concern that Japan may be turning East Asia into a
regional economic bloc to rival the U.S. and Europe. In
"Regionalism and Rivalry," leading economists and political
scientists address this concern by looking at three central
questions: Is Japan forming a trading bloc in Pacific Asia? Does
Japan use foreign direct investment in Southeast Asia to achieve
national goals? Does Japan possess the leadership qualities
necessary for a nation assuming greater political responsibility in
international affairs?
The authors contend that although intraregional trade in East Asia
is growing rapidly, a trade bloc is not necessarily forming. They
show that the trade increase can be explained entirely by factors
independent of discriminatory trading arrangements, such as the
rapid growth of East Asian economies. Other chapters look in detail
at cases of Japanese direct investment in Southeast Asia and find
little evidence of attempts by Japan to use the power of its
multinational corporations for political purposes. A third group of
papers attempt to gauge Japan's leadership characteristics. They
focus on Japan's "technology ideology," its contributions to
international public goods, international monetary cooperation, and
economic liberalization in East Asia.
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