October 22nd, 2015

The Japan Syndrome Comes to China

Economics & Politics

NEW YORK – China is now experiencing what Japan went through a generation ago: a marked slowdown in economic growth after demands by the United States that it restrict its exports. In the late 1980s and early 1990s, Japan was criticized by the US as an “unfair trader” by virtue of its soaring manufacturing exports. The US issued stern, and apparently credible, threats to restrict Japanese imports, and succeeded in pushing Japan to overvalue the yen, which helped to bring Japanese growth to a screeching halt.

Read the full article at Project Syndicate or download the PDF here.

 

Related Articles:

Comments

Previous post:

Next post: