Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
The economic strength and leadership of the United States rests on its ability to assimilate foreign products, people, and ideas. Japan''s resistance to outside influence is a source of cultural isolation and international economic conflict. But Japan is taking steps to increase domestic demand, introduce market forces into Japanese agriculture, end protectionism, and increase its role in international bodies and assistance efforts. And while the American economy is healthy, competitive, and dynamic, the United States preaches, litigates, acts unilaterally, gives advice it would never take, and undermines excellent institutions like the International Trade Commission. Despite sporadic bickering and annoyance, an integrated world community will grow from the openhearted give-and-take of Japan-U.S. relations.
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Abstract
The economic strength and leadership of the United States rests on its ability to assimilate foreign products, people, and ideas. Japan''s resistance to outside influence is a source of cultural isolation and international economic conflict. But Japan is taking steps to increase domestic demand, introduce market forces into Japanese agriculture, end protectionism, and increase its role in international bodies and assistance efforts. And while the American economy is healthy, competitive, and dynamic, the United States preaches, litigates, acts unilaterally, gives advice it would never take, and undermines excellent institutions like the International Trade Commission. Despite sporadic bickering and annoyance, an integrated world community will grow from the openhearted give-and-take of Japan-U.S. relations.