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Japan's regional geoeconomic strategy -- Foreign economic policy, domestic institutions and regional governance -- Geoeconomics of the Asia-Pacific -- Transformation in the Japanese political economy -- Trade and investment : a gradual path -- Money and finance : an uneven path -- Development and foreign aid : a hybrid path.
President Nixon’s new economic policy of August 1971, aggravated by the oil problem since October 1973 caused chaos and uncertainty in the international trade and currency system. There were fears of another 1930s style depression. In addition, a world food shortage and strident claims by developing countries for perpetual sovereignty over resources added another set of difficulties. This volume, written from Japan’s standpoint, suggests a new direction for the world and regional economic order. The book tackles two major issues in international economics: Firstly, traditional international trade theory aims only at static maximization in the use of world human and material resources, but, the author stresses more attention should be paid to such dynamic or developmental elements as population growth, immigration, natural resource development, improvement in transfer of technology, economies of scale, direct foreign investment and economic integration in order to create development centres or sectors in the world economy. Secondly, the author discusses how to combine a global and regional approach to economic integration.
A 2020 CHOICE Outstanding Academic Title Japan's challenges and opportunities in a new era of uncertainty Henry Kissinger wrote a few years ago that Japan has been for seven decades “an important anchor of Asian stability and global peace and prosperity.” However, Japan has only played this anchoring role within an American-led liberal international order built from the ashes of World War II. Now that order itself is under siege, not just from illiberal forces such as China and Russia but from its very core, the United States under Donald Trump. The already evident damage to that order, and even its possible collapse, pose particular challenges for Japan, as explored in this book. Noted experts survey the difficult position that Japan finds itself in, both abroad and at home. The weakening of the rules-based order threatens the very basis of Japan's trade-based prosperity, with the unreliability of U.S. protection leaving Japan vulnerable to an economic and technological superpower in China and at heightened risk from a nuclear North Korea. Japan's response to such challenges are complicated by controversies over constitutional revision and the dark aspects of its history that remain a source of tension with its neighbors. The absence of virulent strains of populism have helped to provide Japan with a stable platform from which to pursue its international agenda. Yet with a rapidly aging population, widening intergenerational inequality, and high levels of public debt, the sources of Japan's stability—its welfare state and immigration policies—are becoming increasingly difficult to sustain. Each of the book's chapters is written by a specialist in the field, and the book benefits from interviews with more than 40 Japanese policymakers and experts, as well as a public opinion survey. The book outlines today's challenges to the liberal international order, proposes a role for Japan to uphold, reform and shape the order, and examines Japan's assets as well as constraints as it seeks to play the role of a proactive stabilizer in the Asia-Pacific.
The balancing of competing interests and goals will have momentous consequences for Japan—and the United States—in their quest for economic growth, social harmony, and international clout. Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade. In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability. Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction—economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America's diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.
Under the new world order, Japan's international business activity is being organised through tight networks that link banks, industrial corporations and trading companies and that are displacing onto Asia their main domestic problems. Since the US and Europe are refusing to fulfil that function, Japan is forming a new three-zone strategy in which production, marketing and finance are tightly coordinated within each zone but in which there is also an overall shift away from North America and Europe towards Asia.
Frederick R. Dickinson illuminates a new, integrative history of interwar Japan that highlights the transformative effects of the Great War far from the Western Front. World War I and the Triumph of a New Japan, 1919–1930 reveals how Japan embarked upon a decade of national reconstruction following the Paris Peace Conference, rivalling the monumental rebuilding efforts in post-Versailles Europe. Taking World War I as his anchor, Dickinson examines the structural foundations of a new Japan, discussing the country's wholehearted participation in new post-war projects of democracy, internationalism, disarmament and peace. Dickinson proposes that Japan's renewed drive for military expansion in the 1930s marked less a failure of Japan's interwar culture than the start of a tumultuous domestic debate over the most desirable shape of Japan's twentieth-century world. This stimulating study will engage students and researchers alike, offering a unique, global perspective of interwar Japan.
This multi-authored book looks at one of the most dynamic regions of the Third World within the context of the rapidly changing international system of the 1990s. Among the many themes it explores are ASEAN's new political roles and new modes of economic cooperation, the growing importance of ecological and human rights issues, the policies of the major external powers towards the region, the Cambodian and Spratly conflicts, and the relevance of Southeast Asian experience in the 'New World Order' to the ongoing theoretical debates about democracy, the market, the state and multilateralism.
Since the end of World War II, Japan has determinately remained outside the current of world events and uninvolved in the processes determining global history and politics. In Japan and the World, distinguished scholars, novelists, and intellectuals articulate how Japan—despite unprecedented economic prowess in securing dominance in the world's market—is caught in a complex dependency with the United States. Drawing on critical and postmodernist theory, this timely volume situates this dependency in a broader historical context and assesses Japan's current dealings in international politics, society, and culture. Among the many topics covered are: racism in U.S.-Japanese relations; productivity and workplace discourse; Western cultural hegemony; the constructing of a Japanese cultural history; and the place of the novelist in today's world. Originally published as a special issue of boundary 2 (Fall 1991), this edition includes four new essays on Japanese industrial revolution; the place of English studies in Japan; how American cultural, historical, and political discourse represented Japan and in turn how America's version of Japan became Japan's version of itself; and an "archaeology" of hegemonic relationships between Japan and America and Britain in the first half of the twentieth century. Contributors. Eqbal Ahmad, Perry Anderson, Bruce Cumings, Arif Dirlik, H.D. Harootunian, Kazuo Ishuro, Fredric Jameson, Kojin Karatani, Oe Kenzaburo, Masao Miyoshi, Tetsuo Najita, Leslie Pincus, Naoki Sakai, Miriam Silverberg, Christena Turner, Rob Wilson, Mitsuhiro Yoshimoto
The ancient civilization of Japan, with its Shinto shrines and Buddhist temples, is also closely associated with all that is new and modern. Looking outward, Japan sees what it has become since Hiroshima: the world’s second-largest economy, a source of fury and wonder, a power without arms. Looking inward, Japan sees old ways shaken and new ones developing at a hectic pace. Japan in the Twenty-first Century offers compelling insights into the current realities of the country and investigates the crucial political, economic, demographic, and environmental challenges that face the nation. A combination of text, maps, and photographs provides an essential understanding of Japan’s geography, cultural heritage, demography, economic and political development, and of many other important issues. Pradyumna P. Karan explores the obstacles and opportunities that will shape Japan and affect the world community in the coming years. He highlights strategies and policies that will facilitate economic and political change and stimulate the development of effective institutions for long-term, sustainable prosperity and economic vitality. Unique field reports drawn from direct observations of events and places in Japan illuminate Japanese traditions and sensibilities. The first full-length English-language textbook on Japan’s geography, culture, politics, and economy to appear in nearly four decades, Japan in the Twenty-first Century will be a vital resource for researchers, academics, general readers, and students of Japan. Pradyumna P. Karan, professor of geography and Japan studies at the University of Kentucky, is the author or editor of numerous books on Asian geography and culture, including The Japanese City and Japan in the Bluegrass.