In This Review
Rivals Beyond Trade: America Versus Japan In Global Competition

Rivals Beyond Trade: America Versus Japan In Global Competition

By Dennis J. Encarnation

Cornell University Press, 1992, 222 pp.

Arguing that ownership and control of enterprises abroad increasingly shape patterns of international trade, Encarnation of the Harvard Business School finds the big imbalance in U.S.-Japanese trade to lie in the strategic investment policies and practices of the two countries. His book, which is interesting, often controversial and sometimes built on fairly familiar points, will give analysts some new themes to pursue.