Japan and a New World Economic Order: 1st Edition (Paperback) book cover

Japan and a New World Economic Order

1st Edition

By Kyoshi Kojima


208 pages

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President Nixon’s new economic policy of August 1971, aggravated by the oil problem since October 1973 caused chaos and uncertainty in the international trade and currency system. There were fears of another 1930s style depression. In addition, a world food shortage and strident claims by developing countries for perpetual sovereignty over resources added another set of difficulties. This volume, written from Japan’s standpoint, suggests a new direction for the world and regional economic order. The book tackles two major issues in international economics: Firstly, traditional international trade theory aims only at static maximization in the use of world human and material resources, but, the author stresses more attention should be paid to such dynamic or developmental elements as population growth, immigration, natural resource development, improvement in transfer of technology, economies of scale, direct foreign investment and economic integration in order to create development centres or sectors in the world economy. Secondly, the author discusses how to combine a global and regional approach to economic integration.

Table of Contents

1. Japan in the World Economy 2. Japan and the Multilateral Trade Negotiations 3. A Competitive Bipolar Key Currency 4. The Role of Foreign Direct Investment 5. A Macroeconomic Theory of Foreign Direct Investment 6. The Long-Term Path of the Japanese Economy 7. The Reorganisation of North-South Trade 8. Economic Integration in the Asian-Pacific Region

About the Series

Routledge Library Editions: Japan

Routledge Library Editions: Japan brings together a century's worth of publishing and provides a comprehensive collection of volumes which chart the literature, history, economics, politics & sociology of this fascinating country.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / General
SOCIAL SCIENCE / Ethnic Studies / General
SOCIAL SCIENCE / Regional Studies