Accession Number : ADA328952

Title :   United States-Japan: An Economic View

Corporate Author : AIR WAR COLL MAXWELL AFB AL

Personal Author(s) : Wall, Walter F., Jr

PDF Url : ADA328952

Report Date : APR 1995

Pagination or Media Count : 36

Abstract : The Cold War is over, the communist threat is gone and the global community has shifted from a bipolar to a multipolar world. Old alliances established as security against the threat are in question. The need for the United States to expend military resources abroad are not as clear cut as they once were. The American people focus inward on their standard of living, the economy, and overall well-being. The strains of trade deficits are tearing at the long established relationship between the United States and Japan. This paper addresses economic relations, focusing on the causes of the economic imbalance between the United States and Japan since World War II. There are many sources available that identify, empirically, the extent of this economic imbalance. The paper outlines the causes that led to this imbalance and discusses the effects it has on the economic welfare of the United States and the future relationship with Japan. The paper focuses on the macro-level economic issues and does not consider the specific industries or commodities where imbalance occurs.

Descriptors :   *UNITED STATES, *ECONOMICS, *JAPAN, INDUSTRIES, THREATS, COLD WAR, RESOURCES, INTERNATIONAL TRADE, INTERNATIONAL RELATIONS, COMMUNISM, COMMODITIES, SOCIAL WELFARE, SECOND WORLD WAR.

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE