By Robert M. Uriu
This e-book chronicles how a debatable set of coverage assumptions concerning the eastern economic system, referred to as revisionism, rose to turn into the foundation of the exchange coverage strategy of the Clinton management. within the context of growing to be worry over Japan's expanding financial energy, revisionists argued that Japan represented a particular kind of capitalism that used to be inherently closed to imports and that posed a chance to U.S. high-tech industries. Revisionists encouraged a "managed exchange" resolution within which the japanese executive will be compelled to put aside a proportion of the marketplace for overseas items. the writer describes the function that numerous American teachers, govt officers, and enterprise leaders performed in constructing revisionist proposal. Revisionism used to be at its top simply because the Clinton management got here into place of work. the writer makes use of vast interviews with coverage makers to track the inner discussions contained in the Clinton White residence, which culminated within the adoption of revisionist coverage after which to calls for for "results-oriented" alternate agreements through the Framework negotiations. This publication info how Japan refused to just accept those controlled alternate suggestions, and fought to discredit revisionism and to rally worldwide help opposed to American unilateralism.
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Additional info for Clinton and Japan: The Impact of Revisionism on U.S. Trade Policy
Clinton’s championing China’s entry into the WTO is one example that touched on the whole range of US foreign policy interests—strategic, political, economic, humanitarian, environmental, and others. Policy makers had to decide whether these or other issues were actually relevant to China policy, and the value and priority attached to each. Would more international trade with China make it an interdependent, status quo oriented nation, or does it only increase its potential military power? Could the US maximize its business interests in China without sacriﬁcing its concern for human rights?
11 The basic assumptions that Japanese capitalism was like capitalism everywhere and that the trade imbalance was due largely to macroeconomic factors, remained the core consensus of the US government through the 1980s. Most of the economic agencies were uniﬁed behind this position, from career ofﬁcials to top political appointees. Traditionalist assumptions were strongest in the Council of Economic Advisors (CEA), which had long been dominated by neoclassical economists, and also in the Treasury Department, which had jurisdiction over general macroeconomic policy.
However, those experienced in policy making and interpreting diplomatic double-speak can most often tell the difference. Here, triangulation, or contrasting one ofﬁcial’s version with another, can be an effective methodology. In spite of these problems, I believe that the concept of policy assumptions is still a useful one. Most cases of policy making do not reﬂect such strong motivational biases. , the vast majority of decisions. But even when there is a degree of motivational bias present, a focus on policy assumptions can still be useful, as they are still the focal point of the debate over policy change.