Japan achieved it's present economic position by rejecting free
trade theory and instead mastering neomercantilist policies which
target strategic industries for development with a range of
government sponsored cartels, subsidies, import barriers and export
incentives. These policies stimulated an economic growth rate which
averaged ten percent before 1973, and five percent since, rates
four and two times greater than America's during the same periods.
This book analyzes the policy making process, implementation,
successes, occasional shortcomings, and challenges posed by Tokyo's
neomercantilist policies toward its trade rivals.
General
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