In This Review

U.S. Economic Policy Toward the Association of Southeast Asian Nations: Meeting the Japanese Challenge
U.S. Economic Policy Toward the Association of Southeast Asian Nations: Meeting the Japanese Challenge
By Lawrence B. Krause
Brookings, 1982, 98 pp.

This is an important book which argues convincingly that some legislation enacted in the mid-1970s has made it difficult for American firms to compete with the Japanese in Southeast Asia. To meet Japanese competition there, a new relationship between the U.S. government and business is necessary: government should encourage broad-based general trading companies that include banking entities and are capable of packaging complete deals involving services, export of machinery, technical training and finance. U.S. antitrust laws now stand in the way of American trading companies of this sort.