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The Japanese Economy in Transition: Introduction and Overview Read chapter Read first chapter

1995 | OriginalPaper | Chapter

Is Japan Establishing a Trade Bloc in East Asia and the Pacific?

Author : Jeffrey A. Frankel

Published in: The Structure of the Japanese Economy

Publisher: Palgrave Macmillan UK

Included in: Professional Book Archive

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A debate began in 1991 over the advantages and disadvantages of a global trend towards three economic blocs — the Western Hemisphere, centred on the United States; Europe, centred on the European Community; and East Asia, centred on Japan. Krugman (1991a), Bhagwati (1990, 1992) and Bergsten (1991), argue that the trend is, on balance, bad. Krugman (1991b) and Lawrence (1991c) argue that it is, on balance, good.1 Most appear to agree, however, that a trend towards three blocs is indeed underway.

previous chapter The Bank of Japan and the Federal Reserve: Financial Liberalization, Independence, and Regulatory Responsibility
next chapter Recent Balance of Payments Developments in Japan: Is the Current Account Surplus Structural or Temporary?
Metadata
Title
Is Japan Establishing a Trade Bloc in East Asia and the Pacific?
Author
Jeffrey A. Frankel
Copyright Year
1995
Publisher
Palgrave Macmillan UK
Book
The Structure of the Japanese Economy

Print ISBN: 978-1-349-23723-4

Electronic ISBN: 978-1-349-23721-0

Copyright Year: 1995

DOI
https://doi.org/10.1007/978-1-349-23721-0_14