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On Living and Trading With Japan : United States Commercial and Macroeconomic Policies
Oleh:
Tobin, James
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 26 no. 1 (1991)
,
page 5-17.
Topik:
trading
;
trading
;
commercial
;
macroeconomic policies
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Japan is becoming american's prime nemesis. Trade war is replacing cold war. Free trade has neve rbeen U. S. policy. But after world war II we took the lead in subjecting national commercial policies to international rules and in negotiating multilateral commercial disarmament. Like other countries, the U. S. sometimes violated the letter and spirit of the GATT. Now, however, we have made aggressive unilateral threats and retaliations, mainly directed at japan. "Managed trade" has even gained some rationales in economic theory. But if nations start palying uninhibited strategic games, both trade and the gains from trade are likely to shrink. Our trade deficits were macroeconomic in origin. The remedial policies are fiscal and monetary, not commercial. Let us stop resenting the prosperity of japan and repair the foundations of our own productivity and living standards.
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