Trade and Protectionism

Klappentext
During the first three decades following the Second World War, an increasingly open international trading system contributed to unprecedented economic growth throughout the world. But in recent years, that openness has been threatened by increased protectionism, regional trading arrangements - Europe 1992 and the U.S.-Canada Free Trade Agreement - and setbacks in negotiations on the General Agreement on Tariffs and Trade. In Trade and Protectionism, American and East Asian scholars consider the dangers of this trend for East Asian countries in particular and the world economy in general. The first two papers in the volume look at the context in which East Asian trading relations with the United States take place. The papers focus on the role of GATT, the importance of an open multilateral trading system, and the current threats to it. An analysis of the United States' regional trading arrangements is also included. The second set of papers addresses sensitive sectoral issues that have led to frictions in Japanese-American semiconductor trade and agricultural protection among Japan, Korea, and Hong Kong. In the third group of studies, the authors examine U.S.-Japanese trade issues, the impact of U.S.-administered protection on Korean exports, and the openness of the Japanese market to exports from other Asian countries. Next, aspects of international economic relations among Asian countries are considered. Two studies explore foreign direct investment relations between Japan and other Asian countries, and the relationship between Japanese foreign direct investment and trade flows among Asian countries. The final five papers analyze how political-economic interaction affects levels ofprotection, focusing on the political economy of protection in Korea and Taiwan. This is the second volume in the series to come from the National Bureau of Economic Research-East Asia Seminar on Economics. The first volume, The Political Economy of Tax Reform, addresses tax reform in the global economy.

Inhalt
Introduction, Takatoshi Ito and Anne O. Krueger 1 Discrimination, Regionalism, and GATT, Richard H. Snape 2 American Bilateral Trading Arrangements and East Asian Interests, Anne O. Krueger Comments: Robert E. Baldwin and Kuo-shu Liang 3 Forward Pricing vs. Fair Value: An Analytic Assessment of "Dumping" in DRAMs, Kenneth Flamm Comment: Yun-Wing Sung 4 Japan's Agricultural Policy and Protection Growth, Masayoshi Honma Comment: Joachim Zietz 5 The Growth of Agricultural Protection, Joachim Zietz and Alberto Valdes Comment: Masayoshi Honma 6 Economic Growth and Trade Relations: Japanese Performance in Long-Term Perspective, Gary R. Saxonhouse Comments: Takatoshi Ito and Yun-Wing Sung 7 Protectionist U.S. Trade Policy and Korean Exports, Chong-Hyun Nam Comments: Shujiro Urata and Chia Siow Yue 8 Access to the Japanese Market by Asian Countries: A Case Study of the Wool Textile Industry, Motoshige Itoh and Kaori Hatanaka Comments: Chong-Hyun Nam and Tan Eu Chye 9 Technology Transfer in the Asian Pacific Region: Implications of Trends since the Mid-1980s, Tran Van Tho Comments: Takatoshi Ito and Bih Jane Liu 10 Japanese Foreign Direct Investment and Its Impact on Foreign Trade in Asia, Shujiro Urato 11 The Political Economy of U.S.-Taiwanese Trade and Other International Economic Relations, Robert E. Baldwin and Douglas Nelson Comments: Koichi Hamada and Richard H. Snape 12 The Political Economy of Trade Protection in the Republic of China on Taiwan, Tain-Jy chen and Chi-ming Hou Comments: Kenneth Flamm and Ching-huei Chang 13 Political Economy of Protection Structure in Korea, Yoo Jung-ho Comments: Anne O. Krueger and Chia Siow Yue 14 Government Policy and Strategic Industries: The Case of Taiwan, Ya-Hwei Yang Comments: Yoo Jung-ho and Tan Eu Chyel 15 Export-Oriented Growth and Equity in Korea, Wontack Hong Comments: Motoshige Itoh and Richard H. Snape

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