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International Monetary Cooperation among the United States, Japan,
and Germany offers a first - and overdue - book- length study of
counterproductive cooperation. It takes to task the critical
importance of conducting systematic theory-guided empirical
research to examine the validity of arguments that international
monetary cooperation could be highly counterproductive. This book
combines various methods - formal, quantitative, and qualitative -
to study the theories of counterproductive monetary cooperation by
focusing on the cooperative episodes among the major industrial
countries - the United States, Japan, and Germany. For the first
time, this book presents all theories of counterproductive
cooperation in one place, subjects them to systematic, empirical
scrutiny in the light of the experience of G-3 (U.S., Germany, and
Japanese) cooperation since the 1970s, and suggests policy
recommendations in the light of the findings.
With the rise of China, Japan and many East Asian countries are
caught between maximizing profit from economic ties with her, and
strengthening alliances with the United States to prevent China
from overpowering them. Liberals and realists thus debate over the
likelihood of either security tensions easing up or economic
interdependence getting reduced eventually. On the other hand, Iida
introduces a new theory that reinterprets the relationship between
state security and economic interdependence among countries in the
Asia-Pacific region. Based on case studies of recent episodes in
East Asia, and especially on the experiences of Japan, this book
highlights an interesting dynamic between security and economic
interdependence: risk avoidance. By understanding how risk
avoidance affects the behavior of these countries in terms of
security and economics, it becomes evident how they eventually
settle into what Iida calls "Cool Politics" and "Lukewarm
Economics".
With the rise of China, Japan and many East Asian countries are
caught between maximizing profit from economic ties with her, and
strengthening alliances with the United States to prevent China
from overpowering them. Liberals and realists thus debate over the
likelihood of either security tensions easing up or economic
interdependence getting reduced eventually. On the other hand, Iida
introduces a new theory that reinterprets the relationship between
state security and economic interdependence among countries in the
Asia-Pacific region. Based on case studies of recent episodes in
East Asia, and especially on the experiences of Japan, this book
highlights an interesting dynamic between security and economic
interdependence: risk avoidance. By understanding how risk
avoidance affects the behavior of these countries in terms of
security and economics, it becomes evident how they eventually
settle into what Iida calls "Cool Politics" and "Lukewarm
Economics".
International Monetary Cooperation among the United States, Japan,
and Germany offers a first - and overdue - book- length study of
counterproductive cooperation. It takes to task the critical
importance of conducting systematic theory-guided empirical
research to examine the validity of arguments that international
monetary cooperation could be highly counterproductive. This book
combines various methods - formal, quantitative, and qualitative -
to study the theories of counterproductive monetary cooperation by
focusing on the cooperative episodes among the major industrial
countries - the United States, Japan, and Germany. For the first
time, this book presents all theories of counterproductive
cooperation in one place, subjects them to systematic, empirical
scrutiny in the light of the experience of G-3 (U.S., Germany, and
Japanese) cooperation since the 1970s, and suggests policy
recommendations in the light of the findings.
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