The Political Economy of Trade Frictions

Makoto Itoh
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Makoto Itoh: University of Tokyo

Chapter 9 in The World Economic Crisis and Japanese Capitalism, 1990, pp 199-214 from Palgrave Macmillan

Abstract: Abstract Economic disparities, both within and among individual nations have a tendency to increase generally in phases of depression rather than those of prosperity. Depression is a phase in which capitalist firms have to strive everywhere to restructure and reinforce the conditions for the accumulaton and expansion of value by intensifying their rivalry, and passing economic burdens on to working people at an international as well as the domestic level. The same process tends to aggravate the conflicts between varying economic interests and consequently intensifies political tensions.

Keywords: Exchange Rate; Trade Balance; Liberal Democratic Party; Trade Deficit; Japanese Firm (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-21084-8_9

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