Dilemmas of a trading nation
Subtitle: the United States and Japan in the evolving Trans-Pacific order
By: Mireya Solis
Series: Geopolitics in the 21st century; Geopolitics in the 21st century
Publisher: Brookings Institution Press
Published: 2017
Language: eng
Number of pages: 283
ISBN-13: 9780815729198
Subjects: Commercial policy; Trans-Pacific Partnership Agreement
Description: "Japan is at a critical moment in determining its trade policy as it strives for renewed economic growth. Its economy still struggling after two decades of low growth, Japan now faces a difficult moment as it confronts this ongoing challenge to economic renewal. Tokyo could deploy a proactive trade policy to help it rise again as one of the world's greatest trading nations. It could also, at the same time, attack the structural problems that have hindered its economic competitiveness and kept it from becoming a leading voice in the drafting of rules for this century's global economy. Or, it could do nothing and remain shackled to the domestic political constraints that have kept it from playing a central role in international trade negotiations. In Dilemmas of a Trading Nation, Mireya Solis describes how Japan's economic choices are important for the United States, as well. The two nations are the most important members of the Trans-Pacific Partnership (TPP), the trade agreement concluded in 2015 intended to spur trade in the world's fastest-growing economic region. The arrest of Japan's economic decline, the credibility of America's resolve to remain a Pacific power, and the deepening of the bilateral alliance are all influenced significantly by the outcome of the TPP agreement. But the domestic politics of trade policy have never been as unwieldy as policymakers across the Pacific aim to negotiate ever more ambitious trade and to marshal domestic support for them. Dilemmas of a Trading Nation describes how, for both Japan and the United States, the stakes involved in addressing the tradeoffs of trade policy design could not be higher"--
Notes: Includes index.

Includes bibliographical references (pages 225-272) and index.
Table of contents: title: Introduction: a trading nation for the twenty-first century; title: Competitiveness and leadership; title: Legitimacy I: shared economic prosperity; title: Legitimacy II: sovereignty and the regulatory state; title: Legitimacy III: the democratic deficit debate; title: Political viability in the quest for ratification; title: Dilemmas of trade governance: navigating vexing trade-offs; title: The transformation of Japan as a trading nation; title: Decisiveness/inclusiveness dilemmas in Japanese trade policy; title: Reform/subsidization dilemmas in Japanese trade policy; title: Conclusion: forging a new economic Asia-Pacific order.