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The Political Economy of Trade Conflicts

The Management of Trade Relations in the US-EU-Japan Triad

  • Franz Waldenberger
Conference proceedings

Part of the Europe-Asia-Pacific Studies in Economy and Technology book series (STUDIES ECONOMY)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Introduction: Change, Conflict, and the Management of Trade Relations

  3. Changes in National, Bilateral, and Regional Trade Policies

  4. Special Policy Areas

  5. Back Matter
    Pages 155-159

About these proceedings

Introduction

David Ricardo's law of comparative advantage and his finding that free trade increases the wealth of all participating nations is one of the very few economic laws which is accepted by almost all economists. But economic reason and economic policy do not always follow the same path. This especially applies to trade policies. A substantial and growing part of trade between Japan, Europe and the US does not follow the principles of free trade, but is more accurately managed trade. The management of international trade, international trade negotiations, and the political dynamics of trade conflicts create a complex reality which follows its own laws without regard to economic policy prescriptions. This political-economic reality was the subject of the conference 'The Political Economy of Trade Conflicts' organizedjoindy by the German Institute for Japanese Studies and the Friedrich-Ebert-Foundation together with the Institute of Modern Political Science and Economics of Waseda University in December 1993. We present the results of the conference in this reader. Three issues were of special importance: the US-Japanese conflict over the reduction of trade imbalances via quantitative import targets; the liberalization of trade in agricultural products, especially the opening of the Japanese rice market; and the trade tensions between the European Union, the US and Japan in high technology industries. The conference took place immediately before the conclusion of the Uruguay Round, and yet its subject continues to be of high political importance. In early 1994, the US-Japan conflict around quantitative import targets became more tense.

Keywords

Agrarhandelspolitik Agricultural Trade Policy Commercial Policy EU Trade Policy European Union (EU) Handelspolitik Handelspolitik der EU International Economic Relations Internationale Wirtschaftsbeziehungen Japan Japanese Trade Policy Wirtschaftsbeziehungen competition political economy trade policy

Editors and affiliations

  • Franz Waldenberger
    • 1
  1. 1.German Institute for Japanese StudiesChiyoda-ku Tokyo 102Japan

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-45740-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 1994
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-45742-5
  • Online ISBN 978-3-642-45740-1
  • Series Print ISSN 1431-2999
  • Buy this book on publisher's site