In This Review
Unkept Promises, Unclear Consequences: U.S. Economic Policy And The Japanese Response

Unkept Promises, Unclear Consequences: U.S. Economic Policy And The Japanese Response

Edited by Ryuzo Sato and John A. Rizzo

Cambridge University Press, 1989, 200 pp.

Several major American economists differ in their diagnoses of the trade imbalance between the United States and Japan. The editors' unsurprising prescription is for more cooperation since both are "significantly responsible." They suspect, though, that there will be "serious trade friction" that will make things worse.