Protectionism or Liberalism in International Economic Relations?: Current Issues in Japan and Germany
In: Schriften zu Regional- und Verkehrsproblemen in Industrie- und Entwicklungsländern
Intro -- Editors' Foreword -- Table of Contents -- Oliver Landmann: Is there a Macroeconomic Case for Protection? -- 1. Introduction: The rise of protectionism -- 2. International competitiveness and the balance of trade in the medium term -- 3. Short-run effects of commercial policy under flexible exchange rates -- 4. Summary and conclusions -- References -- Takashi Matsugi: The Industrial Policy of Japan -- 1. Introduction -- 2. A brief survey of Japanese industrial policy in 1960-1980 -- 2.1. Active investments in plant and equipment in the time of rapid economic growth -- 2.2. Pollution as a price for economic growth -- 2.3. Energy saving efforts after the oil shock in 1973 -- 3. The recent policy stance of MITI -- 4. Import promotion and related problems -- 4.1. Changing roles of trade in Japanese economic development -- 4.2. The changing paradigm of trade -- 5. Agricultural policy up to the year 2000 -- 5.1. Re-view of agricultural policy up to 1980 -- 5.2. Basic direction of agricultural policies in the 1980s -- 5.3. Basic direction of agricultural policies towards the 21st century -- 6. Concluding remarks -- References -- Masanao Itoh: The Abandonment of the Gold Standard and Foreign Exchange / Tariff Policy - The Economic Lessons of the Great Depression in the Case of Japan - -- 1. Preface -- 2. The impact of the economic crisis (1930-31) in Japan -- 3. Rapid recovery from the crisis -- 4. The effect of economic policies on the recovery -- 4.1. Foreign exchange policy -- 4.2. Tariff policy -- 4.3. Financial/monetary policy -- References -- Ryuhei Okumura: Real and Monetary Shocks in a Dynamic Two-Country Model -- 1. lntroduction -- 2. The model -- 2.1. The framework of the model -- 2.2. Households -- 2.3. Government -- 2.4. Market equilibrium -- 3. Analysis -- 3.1. Solution of the utility maximization problem -- 3.2. The stationary state.