Japan Restored
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Clyde Prestowitz. Japan Restored
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Thirty years ago, the name Clyde Prestowitz stood for the top Japan-basher who was warning the US to get its act together. But the true Prestowitz also had deep respect for Japanese values, was proficient in Japanese, and adopted a Japanese boy as his son. Now, in his latest book, he is advising the Japanese how to get its act together based on his own experience advising the US. It is a worthy read.
—Richard C. Koo, Chief Economist, Nomura Research Institute
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I left the Reagan administration in 1986 and wrote the book Trading Places: How America Is Giving Its Future to Japan, in which I tried to explain the major insight I had gained from my years of working in and negotiating with Japan. It was that Japan wasn’t cheating and the United States wasn’t falling down on the job. Rather, the two sides were simply playing different games. The US was playing baseball while Japan was playing football. Japan wasn’t cheating or playing bad football, and the US was playing good baseball. The difficulty was that the Americans kept acting as if and insisting that both sides were playing baseball. Because they weren’t, and because the Americans (for reasons both of economic orthodoxy and geopolitical convenience) refused to admit that, and because football is a rougher game than baseball, the Americans were taking a beating.
Upon completion of Trading Places, I moved on to writing about other issues such as the creation of the World Trade Organization and the North American Free Trade Agreement, and became more and more detached from Japan. Indeed, the term “Japan passing” came to be used in the 1990s to describe the phenomenon of people passing by Japan on their way to China, Korea, and Southeast Asia, overlooking the Japanese market in favor of greener pastures elsewhere. I became one of the passers.
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