In This Review

Power and Protectionism: Strategies of the Newly Industrializing Countries
Power and Protectionism: Strategies of the Newly Industrializing Countries
By David B. Yoffie
Columbia University Press, 1983, 282 pp.

This is a very helpful book but an uneven one. First the author lays down a strategy whereby developing countries can do well in trade in spite of the apparently successful efforts of rich countries to force them to limit exports of some manufactures. Then he presents a first-rate, detailed examination of the textile negotiations, mostly between the U.S. and Japan and Hong Kong, from the 1950s to date. Much shorter discussions of shoes, television sets and automobiles end the book. Bargaining and negotiation get much more attention than economic flexibility, although the latter is crucial to the argument and needs further analysis.