Chapter 11 Update. Japan's Peculiar Trade

The Editors

Japanese Economy, 2001, vol. 29, issue 5-6, 122-139

Abstract: One of the crowning glories of the post-World War II international economy is the steady increase in global interdependence. The lowering of trade barriers, cheapening of transport costs, new technologies, and the spread of foreign direct investment all fueled a steady globalization trend. Globalization in turn helped fuel faster rates of growth than for any comparable period in the history of the world. Nations now grow as much in a single year as they used to grow in a decade. A greater portion of the world's population has entered the industrial age and left abject poverty behind than ever before.

Date: 2001
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DOI: 10.2753/JES1097-203X290506122

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