Aggressive Legalism: The Rules of the WTO and Japan's Emerging Trade Strategy
Article Abstract:
In major trade disputes which have ended up before the World Trade Organization, Japan had not prevailed against other countries because its defence used only social arguments for fear of exposing its visible trade barriers and restrictive practices to legal scrutiny. Now, Japan has a new strategy which can be best characterised as 'aggressive legalism' in challenging and successfully thwarting its trade partners in similar disputes.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2001
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What Can Countries Do to Avoid a Financial Crisis
Article Abstract:
Financial crises have been attributed to many causes such as financial panic, poor fundamentals, structural weaknesses or misguided macroeconomic policies. The author, however, attributes a crisis to two basic ingredients, namely, intrinsic volatility of exchange rates, and, peculiarities of financial markets.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2001
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The foreign exchange origins of Japan's economic slump and low interest liquidity trap
Article Abstract:
In order to keep Japan's exchange rates at a target, its monetary policy must stabilize the yen.. Increasing interest rates or controlling bank policies might reduce or increase money demand. Japan must insert or remove base money in order to anchor the exchange rate.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2001
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- Abstracts: 'Aggressive unilateralism' and Section 301: market opening or market closing? Market structure issues and the evaluation of the reform of the EU banana regime
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- Abstracts: Macro shocks and fluctuations. The parallel market as a policy instrument in collapsing exchange rate regimes
- Abstracts: Foreign exchange rates and Japanese foreign direct investment in Asia. Rules and discretion with common central bank and separate fiscal authorities