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U.S. Political Pressure and Economic Liberalization in East Asia

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  • Takatoshi Ito

Abstract

The object of this paper is two-fold. First, the paper evalutes U.S. pressure for economic liberalization in Japan. Second, its implications for economic and political aspects of the East Asian regional future will be discussed. I will argue that there have been three types of the U.S. pressure on Japan: (i) The traditional type with VERs and other export-limiting measures on Japan; (ii) The SII/MOSS -type in that market access of Japan, which improves the Japanese consumers' welfare, is discussed; and (iii) The result-oriented type where unilateral U.S. gains are sought. The pressure from the United States will not turn Japan to the Asian countories for now. Japan still lacks a market to absorb Asian goods or an idea and principle to lead the Asian countries. However, if EC and NAFTA becomes a reality, the Asian bloc may be formed as a reaction to them.

Suggested Citation

  • Takatoshi Ito, 1992. "U.S. Political Pressure and Economic Liberalization in East Asia," Discussion Paper Series a257, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:a257
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    References listed on IDEAS

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    Cited by:

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    2. Sebastian Edwards, 1997. "The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?," NBER Working Papers 6334, National Bureau of Economic Research, Inc.

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