US-Japan Trade Relations Amid the Globalization Crisis

Abstract: Relations between Japan and the United States have shown significant changes in recent years. Although the main attention has been focused on the strategic and military aspects of these relations, mutual trade and investment, related policies and regulation attract more of the attention o...

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Autor principal:	V. G. Shvydko
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2020
Materias:	japan usa trade and investment trade friction trade agreements trade and investment regime multilateral institutions International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/1bf4e1936ecc4d95a97962ed39bb17ca
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spelling	oai:doaj.org-article:1bf4e1936ecc4d95a97962ed39bb17ca2021-11-23T14:50:42ZUS-Japan Trade Relations Amid the Globalization Crisis2071-81602541-909910.24833/2071-8160-2020-5-74-55-77https://doaj.org/article/1bf4e1936ecc4d95a97962ed39bb17ca2020-11-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1851https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Abstract: Relations between Japan and the United States have shown significant changes in recent years. Although the main attention has been focused on the strategic and military aspects of these relations, mutual trade and investment, related policies and regulation attract more of the attention of the political elites of the two countries.The tensions between the two countries on this issue have a long history. However, they greatly intensified since President D. Trump moved into the White House. The 2019 trade negotiations and the conclusion of a limited trade agreement between the two countries did not result in a comprehensive settlement of conflicting approaches and stands on specific issues. The rising confrontation between the United States and China amid the spread of novel coronavirus epidemic in early 2020 alleviated tensions over Japan-US trade issues by temporarily removing them from the focus of attention of the US presidential administration. Nevertheless, soon they will again become hot issues in the agenda of bilateral relations in the larger context of the US trade policy.In Japan, fears are growing that long-term shifts in the worldview and attitudes of the American political elite pose new threats and create new difficulties for realizing Japan's interests. Of greatest concern is the erosion in the mind of the US elites of the established commitment to further liberalize global and regional international trade and investment through multilateral agreements and institutions. Trump administration’s policy versus main trade partners has shifted towards working out and revising bilateral agreements designed to make American foreign trade more manageable and balanced, and it well may represent part of a long-term change and continue irrespective of the outcome of the US presidential election.The changes that have occurred in Japan-US relations regarding mutual economic ties confirm the general tendency of the international trade and investment system to become more fragmented, shifting from multilateral global and regional platforms to ad hoc agreements with clearly defined national goals and priorities.A possible change of political leadership in both countries will not change these processes, which reflect both the characteristic features of the world perception by national elites and the objective interests of influential business groups. At the same time, trade and investment policy is increasingly affected by non-economic factors, mostly “national security” considerations. This increases the role of diplomatic maneuvering and other levers and forms of influence in regulating trade and investment flows, and business environment for national and multinational companies.V. G. ShvydkoMGIMO University Pressarticlejapanusatrade and investmenttrade frictiontrade agreementstrade and investment regimemultilateral institutionsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 13, Iss 5, Pp 55-77 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	japan usa trade and investment trade friction trade agreements trade and investment regime multilateral institutions International relations JZ2-6530
spellingShingle	japan usa trade and investment trade friction trade agreements trade and investment regime multilateral institutions International relations JZ2-6530 V. G. Shvydko US-Japan Trade Relations Amid the Globalization Crisis
description	Abstract: Relations between Japan and the United States have shown significant changes in recent years. Although the main attention has been focused on the strategic and military aspects of these relations, mutual trade and investment, related policies and regulation attract more of the attention of the political elites of the two countries.The tensions between the two countries on this issue have a long history. However, they greatly intensified since President D. Trump moved into the White House. The 2019 trade negotiations and the conclusion of a limited trade agreement between the two countries did not result in a comprehensive settlement of conflicting approaches and stands on specific issues. The rising confrontation between the United States and China amid the spread of novel coronavirus epidemic in early 2020 alleviated tensions over Japan-US trade issues by temporarily removing them from the focus of attention of the US presidential administration. Nevertheless, soon they will again become hot issues in the agenda of bilateral relations in the larger context of the US trade policy.In Japan, fears are growing that long-term shifts in the worldview and attitudes of the American political elite pose new threats and create new difficulties for realizing Japan's interests. Of greatest concern is the erosion in the mind of the US elites of the established commitment to further liberalize global and regional international trade and investment through multilateral agreements and institutions. Trump administration’s policy versus main trade partners has shifted towards working out and revising bilateral agreements designed to make American foreign trade more manageable and balanced, and it well may represent part of a long-term change and continue irrespective of the outcome of the US presidential election.The changes that have occurred in Japan-US relations regarding mutual economic ties confirm the general tendency of the international trade and investment system to become more fragmented, shifting from multilateral global and regional platforms to ad hoc agreements with clearly defined national goals and priorities.A possible change of political leadership in both countries will not change these processes, which reflect both the characteristic features of the world perception by national elites and the objective interests of influential business groups. At the same time, trade and investment policy is increasingly affected by non-economic factors, mostly “national security” considerations. This increases the role of diplomatic maneuvering and other levers and forms of influence in regulating trade and investment flows, and business environment for national and multinational companies.
format	article
author	V. G. Shvydko
author_facet	V. G. Shvydko
author_sort	V. G. Shvydko
title	US-Japan Trade Relations Amid the Globalization Crisis
title_short	US-Japan Trade Relations Amid the Globalization Crisis
title_full	US-Japan Trade Relations Amid the Globalization Crisis
title_fullStr	US-Japan Trade Relations Amid the Globalization Crisis
title_full_unstemmed	US-Japan Trade Relations Amid the Globalization Crisis
title_sort	us-japan trade relations amid the globalization crisis
publisher	MGIMO University Press
publishDate	2020
url	https://doaj.org/article/1bf4e1936ecc4d95a97962ed39bb17ca
work_keys_str_mv	AT vgshvydko usjapantraderelationsamidtheglobalizationcrisis
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US-Japan Trade Relations Amid the Globalization Crisis

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