Abstract
It may be wondered how the world should cope with the Japan problem. A structural difference between economic systems cannot be eliminated by medicines that are supposed to cure ailments of just one of them. In the case of differences in market access between two countries — giving rise to dumping —, which have most characteristics in common, anti-dumping duties would help to restore a balance in what is assumed to be a transitory situation in a liberal trade order. But it is not for dealing with intransient and fundamental differences. If competition in and outside Japan was comparable, there would be no need to restore that balance so frequently.
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Notes Epilogue
GATT: International Trade, 1990–1991.
Burstein (1989), p. 104.
Although there are some books that do maintain this, it is up to others to investigate whether such “conspiracy” exists. See Wolf(1983), “The Japanese Conspiracy”.
A vast amount of literature exists about strategic trade and a new “trade order”. A very prominent spokesman of the new movement is Clyde Prestowitz, founder and president of the Economic Strategy Institute. His views are summarized in “The Inevitability of Managed Trade”, Arthur D. Little: Prism, Fourth Quarter, 1991, pp. 5–19.
Van Wolferen (1987), p. 303.
Moriguchi (1990), p. 16.
The American Administration seems to have held the opinion that the Havana Charter does not provide for measures against national import cartels. See Prestowitz (1989), p. 224.
A Framework for International Competition, Address by the Right Honourable Sir Leon Brittan, Vice President of the Commission of the European Communities responsible for Competition Policy and Financial Institutions; World Economic Forum, Davos, Switzerland, February 3, 1992.
Hgashi and Lauter (1987), p. 39.
Maswood (1989), p. 44.
Proposed by Arthur Dunkel during the Uruguay Round: Draft Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations, Agreement Establishing the Multilateral Trade Organization (Annex IV), MTN.TNC/W/FA, December 20, 1991.
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© 1993 Physica-Verlag Heidelberg
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van Marion, M.F. (1993). Epilogue. In: van Marion, M.F. (eds) Liberal Trade and Japan. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-46942-8_14
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DOI: https://doi.org/10.1007/978-3-642-46942-8_14
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