Bilateral Trade and Trade Frictions between China and Japan, 1972–2012

A specialist on Japan’s economic relations with China offers an overview of the two countries’ bilateral trade from 1972 to the present. The bilateral trade has evolved from inter-industry trade (in which China exported primary goods and Japan exported machinery) to intra-industry trade (in which both sides mainly exported machinery to the other). Compared with incidents of acute trade frictions involving Japan and the U.S. and China and the U.S., the trade relations between Japan and China have remained relatively calm, serving as a stabilizer for the broader relationship involving the two countries. Nonetheless, the author documents a recent intensification of trade frictions, as it becomes increasingly evident that China has caught up with (and now surpassed) Japan as an economic power. The analysis shows that, up to 1993, most of the trade disputes involved Japan’s exports to China, and were raised by the Chinese side. Since 1994, most trade disputes were over Japan’s imports from China, and were raised by the Japanese side. Journal of Economic Literature, Classification Numbers: F140, F510. 3 figures, 27 references.     

Symposium: Australia–US Economic Relations and the Regional Balance of PowerAustralia–US Economic Relations following the 2005 Free Trade Agreement

The Australia–United States Free Trade Agreement (AUSFTA) came into force on 1 January 2005. Australia's exports to the US have since stagnated, while imports into and US investments in Australia have surged. This article analyses Australia–US economic relations with a focus on trade and investment flows. In addition, it examines the capital raising by US investment banks for these projects. The analysis traces the effects on the relationship of the Global Financial Crisis, the resources boom in Australia and the rise of the Australian dollar.

澳美自由贸易协定2005年元旦起生效。自那以来,澳大利亚对美出口止步不前,而来自美国的进口和投资却一路上扬。本文考察了澳美经济关系,重点分析了贸易和投资流。此外作者还研究了美国投资银行为那些项目的融资。以往分析研究探索了全球金融危机、澳大利亚起源开发热以及澳大利亚元升值三者之间关系所受的影响。     

Missionization and Economic Change in the Pimería Alta: The Zooarchaeology of San Agustín de Tucson

Spanish missions were important support bases for colonization; Native American labor provided both food and commodities to support regional colonial expansion. Zooarchaeological remains from Mission San Agustín, located in present-day southern Arizona, offer a unique perspective on livestock use at missions, and engagement with regional economic networks through secondary animal products. Despite decades of resistance to livestock, the O’odham became the primary labor force in an economic system based on livestock ranching, particularly of cattle. The transition to cattle ranching was likely influenced by a number of factors including pressure from missionaries, population growth, and, perhaps most importantly, the regional demand for secondary livestock commodities such as hide and tallow.     

Australia and the European Union in the World Trade Organisation: partners or adversaries?

Shared interests between Australia and the European Union (EU) in multilateral trade negotiations are increasing. However, the relationship in the WTO continues to be defined by conflicts over agriculture. This article examines the case for closer Australia-EU co-operation on shared interests in WTO negotiations while continuing to press for more rapid reform of EU agriculture policies. It traces the major changes in the interface between Australia and the EU in the WTO, including the re-structuring of the Australian economy over the past two decades and the more recent efforts by the EU to modify the trade impact of the Common Agriculture Policy (CAP) on world agriculture trade. The article concludes that closer co-operation between Australia and the EU in the WTO on shared interests would enhance Australia's influence in the multilateral trade system.     

Displaying the future: techno‐nationalism and the rise of the consumer in Postwar Japan

This paper explains how, in the aftermath of World War II, a type of techno‐nationalism emerged that linked being Japanese to science and technology and the increased consumption of electrical appliances. By closely examining official exhibitions, we can see how the state and private sector strongly encouraged this techno‐scientific dreaming. Dazzling displays highlighted how the peaceful atom would help lead the nation to achieve high economic growth. At the same time, through the judicious purchase of labor saving appliances, consumers could reconcile the need to spend with the need to save.     

Filling the Institutional Void in Rural Land Markets in Southern China: Is there Room for Spontaneous Change from Below?

Deng Xiaoping's market reforms have unleashed an irresistible drive towards urban expansion in China over the last three decades. Yet despite the relentless expansion of urban boundaries and the rapid growth of a property market in China, land transactions that involve the surrender of land leases by Chinese peasants are conducted in an unstable institutional setting. Increasingly, people are questioning the existing regulatory framework for rural land transactions, with the result that an institutional void is threatening to open up. This article focuses on one of the most important spontaneous efforts to fill this void in recent years: the Nanhai land‐based shareholding cooperative experiment in southern China. This is a story of institutional change at the grassroots level. The article identifies the source of institutional entrepreneurship, evaluates the dynamics of the insider‐driven process, and explains how and why the experiment is failing. An ineffective monitoring mechanism, growing conflict over the allocation of returns, a changing social landscape, and pecuniary temptation all play a role, while the ad hoc nature of the experiment also fails to instill the confidence and stability necessary for long‐term investment.     

A Unique Event in Iran–Soviet Economic Relations: The 1935 Iranian Trade Delegation to the USSR

The Iranian trade delegation’s visit to the USSR in April–May 1935 was an event of global significance, underscored by its extensive coverage in the international press. Marking the culmination of a new turn in the Soviet Union’s policy approaches towards Iran with respect to bilateral economic relations, this event is also considered in view of earlier incidents involving Iranian merchants who had boycotted Soviet trade organizations. Along with these political developments, the perspectives of Iranian government officials on foreign trade and industrialization are analyzed within the context of the increasing expansion, centralization, and bureaucratization of Iran’s national economy during the 1930s.     

Does a Change in Presidency of the US Really Matter in an Age of Economic Globalization?

Abstract

This article exposes the cracks in the US economy, in politics and in its image in the world. The US has, particularly in the Bush era, strayed away from the values enshrined in the lives and witness of its founders. It has refused to recognize and use creatively its potential in playing a constructive leadership role in the world. In fact many of its actions have contributed to the erosion of global commitments. The focus is on the impact the crisis the US economy has on the world. In such a context, it asks the question as to whether a change in Presidency of the US really matters? The article challenges the churches to address the structural consequences of globalization and to critique neo-liberal corporate capitalism and engage in the search for alternatives. The churches have acted with compassion and charity to eradicate poverty and to serve the people. What is required now is for the churches to put aside their reluctance to speak out boldly, whether they be from the North or the South, and engage in radical actions for transformation.     

Does the economy matter? Economic perceptions and the vote in Australia

Does the economy matter for how Australians vote in federal elections? International studies show an association between economic performance and elections, but research on Australia finds that the impact of the economy on voting is modest. What explains this relative absence of economic voting? How do Australians perceive the economy? And how do economic perceptions inform their decisions at the polls? Our results confirm the lack of an association between economic indicators and incumbent vote shares. Analyses of survey data from 1996 to 2013 show that political factors condition perceptions of economic performance, while preferences for – and perceptions of – the government's unified control over economic policy shape the influence of economic perceptions on voter choice. Overall, responsibility attributions are the key to economic voting in Australia.     

A troubled relationship: Yugoslavia and the European Economic Community in détente

The article examines the origins and evolution of Yugoslav policy toward the European Economic Community (EEC) from the mid-1960s until the signing of the Cooperation Agreement in 1980. The signing of the Treaty of Rome and the Community's initial success in the 1960s had a profound impact on the direction of Yugoslav foreign trade. Increased trade relations with the EEC and the domestic introduction of the 1965 Economic Reform proved vital in persuading Belgrade to become the first Communist country to establish diplomatic and trade relations with the Community in 1968. The article argues that these relations in the 1970s became of increasing relevance to the economic and, ultimately, political stability of Yugoslavia.