The White House is looking at the U.S. trade fight against Japan in the 1980s and 1990s for lessons in its trade battle against China. But the two eras are as striking for their differences as they are for their similarities.
U.S. trade officials admire Ronald Reagan’s use of tariffs to get Japan to open its semiconductor market and limit steel and other exports to the U.S. Current Trade Representative Robert Lighthizer, then a midlevel U.S. official, helped carry out that strategy;
1-First, there is the country’s unfavorable demographic profile;2-Second, China needs to change its economic model. In 1978, Deng Xiaoping wisely switched China from Maoist autarky to the East Asian export-led growth model successfully pioneered by Japan and Taiwan. Today, however, China has outgrown the model and the tolerance of foreign governments that made it possible;3-Third, […]
PS: HÔM NAY SẼ CÓ NEWS VỀ TPP: DON’T CRY !“Chúng tôi đang thực sự rất lo. FDI rất tốt với nền kinh tế, nhưng hiện tỷ trọng quá lớn, khiến mất luôn cơ hội phát triển cho doanh nghiệp Việt Nam”.