The Asian model is not dead, but evolving toward globalization

Article Abstract:

The economic crises Asian countries from Thailand to South Korea are experiencing signals the transformation of the Asian economic model into a more globalized model which is contrary to claims that the region is in its death throes. There are three steps that should be done to restore the Asian economy to its former footing. First, Congress should overcome its shortsightedness. Second, Asia should open up its markets to the outside world. Third, Japan and South Korea should create an entity similar to the Resolution Trust Corp to bail out their banks when they collapse.

Economic aspects, Economic development, Asia, International economic relations

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Time to get tough on trade

Article Abstract:

The trade policies (TP's) of the Clinton Administration will be guided by certain principles, among them are: TP's will be an integral part of the economic policies and TP is a shared responsibility among the trading partners. These TP's should be supported by efficient domestic policies to be effective.

Laws, regulations and rules, Economic policy, Commerce

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The time has arrived to confront Japan

Article Abstract:

The US wants a swift and fair resolution of its dispute with Japan over automobile and automobile parts trade. Its decision to take actions against Japan was made after 20 months of futile negotiations and Japan's continued refusal to make a commitment to open its auto and auto parts markets.

Analysis, Japan, International trade, Automobile industry, Japanese foreign relations, United States foreign relations

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