U.S. Trade and Economic Relations with Japan and Mexico
Author: United Nations Association of the United States of America. Economic Policy Council
Publisher:
Published: 1983
Total Pages: 94
ISBN-13:
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Author: United Nations Association of the United States of America. Economic Policy Council
Publisher:
Published: 1983
Total Pages: 94
ISBN-13:
DOWNLOAD EBOOKAuthor: Harry Kopp
Publisher:
Published: 1980
Total Pages: 8
ISBN-13:
DOWNLOAD EBOOKAuthor: Clark Winton Reynolds
Publisher:
Published: 1988
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: Institute for Research on Public Policy
Publisher: IRPP
Published: 1990
Total Pages: 134
ISBN-13: 9780886451196
DOWNLOAD EBOOKThese proceedings include papers on Japan's World Role in the 1990s, the economic dimensions of Japan and North America, and Japan and North America as Partners in the Pacific Community. It also provides the concluding remarks.
Author:
Publisher:
Published: 1981
Total Pages: 278
ISBN-13:
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Publisher: DIANE Publishing
Published: 1992
Total Pages: 248
ISBN-13:
DOWNLOAD EBOOKAuthor: Gabriel Székely
Publisher:
Published: 1988
Total Pages: 18
ISBN-13:
DOWNLOAD EBOOKAuthor: Stephen D. Cohen
Publisher:
Published: 1985
Total Pages: 250
ISBN-13: 9780887300202
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Publisher:
Published: 1991
Total Pages: 36
ISBN-13:
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Publisher:
Published: 2007
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKJapan and the United States are the two largest economic powers. Together they account for over 40% of world domestic product, for a significant portion of international trade in goods and services, and for a major portion of international investment. This economic clout makes the United States and Japan powerful actors in the world economy. Economic conditions in the United States and Japan have a significant impact on the rest of the world. Furthermore, the U.S.-Japan bilateral economic relationship can influence economic conditions in other countries. The U.S.-Japan economic relationship is very strong and mutually advantageous. The two economies are highly integrated via trade in goods and services -- they are large markets for each other's exports and important sources of imports. More importantly, Japan and the United States are closely connected via capital flows. Japan is the largest foreign source of financing of the U.S. national debt and will likely remain so for the foreseeable future, as the mounting U.S. debt needs to be financed and the stock of U.S. domestic savings remains insufficient to meet the demand. Japan is also a significant source of foreign private portfolio and direct investment in the United States, and the United States is the origin of much of the foreign investment in Japan. The relative significance of Japan and the United States as each other's economic partner has diminished somewhat with the rise of China as an economic power, and with U.S. economic ties with Canada and Mexico deepening as a result of the North American Free Trade Agreement (NAFTA). Nevertheless, analyses of trade and other economic data suggest that the bilateral relationship remains important, and policy leaders of both countries face the challenge of how to manage it. During the last decade policy leaders seem to have made a deliberate effort to drastically reduce the friction that prevailed in the economic relationship. On the one hand, this calmer environment has stabilized the bilateral relationship and permitted the two countries to focus their attention on other issues of mutual interest, such as national security. On the other hand, as some have argued, the friendlier environment masks serious problems that require more attention, such as continuing Japanese failure to resolve long-standing market access barriers to U.S. exports of autos and auto parts and flat glass and the failure of the two countries to reduce bilateral trade imbalances. Failure to resolve any of these outstanding issues could cause heightened friction between the two countries. U.S. and Japanese leaders have several options on how to manage their relationship including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement. Each option has its advantages and drawbacks and they are not necessarily mutually exclusive. This report will be updated as events warrant.