91桃色

In order to affirm its status as an 鈥渁dvanced industrial nation,鈥� Japan has formally adopted a sweeping program of liberalization in its own trade and payments. In practice, however, this program is subject to various limitations; to a considerable extent the apparently smooth implementation of the liberalization program may be attributed to the system of informal 鈥渁dministrative guidance鈥� by which conflicts have been adjusted and symptoms of economic instability partly suppressed. Professor Hellerman analyzes the interrelations between changes in the structure of Japan’s industrial production and the structure of its foreign trade. Applying the theory of industrial organization at the international level, he proceeds from the examination of structure to an evaluation of performance and public policy in Japan鈥檚 external economic affairs.

Originally published in 1967.

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