1. The Illusion of Retaliation: A Comparative Analysis of United States' Trade Frictions with Japan, South Korea, and China.
- Author
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Bayar, Murat
- Subjects
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LEX talionis , *COMPARATIVE studies , *INTERNATIONAL trade - Abstract
This paper addresses the question "what are the similarities and differences between U.S. trade frictions with China, Japan, and South Korea that account for different U.S. retaliation patterns?" This paper develops six independent variables and their relative measurements from U.S.-Japan and U.S.-South Korea cases and the literature, and examines their impact on U.S. retaliation to China. Our results indicate that four out of six independent variables have decreased the probability of U.S. retaliation since 2001. Furthermore, the U.S. has lost the necessary political, economic, and military leverage to retaliate to China, although it has had two of the three "motivations" to do so. This paper suggests that U.S. leverage over China has deteriorated for two major reasons: (1) U.S.' "illusion" of the latter party's ability/willingness for cooperation and of its own capabilities to retaliate; and (2) China's accumulation of relative gains at an unprecedented rate after 2001. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2008