Abstract
Brazil has traditionally dominated Japan’s relationships with Latin America. Brazil is home to the largest group of ethnic Japanese outside Japan itself. Half of Japan’s foreign investment in the region is located in Brazil.1 Brazil is Japan’s largest Latin American trading partner, providing crucial products like iron ore, steel, aluminum, and agricultural commodities. And Japanese banks have a large loan portfolio outstanding to the Brazilian central government and state corporations.
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Notes
Mitsuhiro Kagami, “Japanese Business Activities in Brazil” (Santiago: ECLAC, 1989).
On the trading companies, see Terutomo Ozawa, Multinationalism, Japanese Style (Princeton, NJ: Princeton University Press, 1979).
Leon Hollerman, Japan’s Economic Strategy in Brazil: Challenge for the United States (Lexington, MA: Lexington Books, 1988).
On the interest in independence from the United States, see Roberto Abdenur, O Marco Econômico e Global das Relaçõeses Brasil—Estados Unidos na Transição Democrcática (Rio de Janeiro: Paz e Terra, 1985). On Geisel’s stance, see Ministério das Relações Exteriores do Brasil, “Presidente Reafirma ao Congresso o Pragmatismo Responsável,” Resenha de Politiea Exterior do Brasil (1975) and Maria Regina Lima and Gerson Moura, “A Trajetória do Pragmatismo,” Revista Dados 25 (1982).
According to Zysman, “Catch-up allows the government to identify both the importance of a sector and the appropriate technologies; the maps to the future are available in the industrial histories of one’s competitor.” See John Zysman, Governments, Markets and Growth: Financial Systems and the Politics of Industrial Change (Ithaca: Cornell University Press, 1983) p. 43. According to Cooper, “With the exception of France… the main criterion of other countries [for selecting the sector to be favored by the industrial policy] is to look at the economic evolution of the United States and identify as leading sectors those which seem to have been the cutting edge of the US economy. In recent years, such countries as Korea and Brazil now look increasingly to Japan for guidance on what sectors to emphasize.” See Richard Cooper, “Some Reflections on Industrial Policy for the United States,” paper prepared for the Conference Industrial Policy: Past, Present and Future, MITI, Tokyo, 1989, p. 3.
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© 1993 Barbara Stallings and Gabriel Székely
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Torres, E.T. (1993). Brazil—Japan Relations: From Fever to Chill. In: Stallings, B., Székely, G. (eds) Japan, the United States, and Latin America. St Antony’s/Macmillan Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13128-0_5
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