Don't Blame the Japanese
Kawahito, in The World Economy (Sept.theJapanese 1981), Elsevier Scientific Publishing Co.,
Box 21 1, 1000 AE Amsterdam, The
In 1976 and 1977, American steelmakers complained strongly about the "predatory dumping" of Japanese steel on the American market. Capitalizing on lower labor costs and friendly government subsidies, the Japanese were out to wreck the American steel industry under- cutting American prices-or so the charge went. Kawahito, a professor of economics...