Case 167 - Restraining Trade to Invoke Investment: MITI and the Japanese Auto Producers
This case study examines the evolution of Japanese business-government relations over a five-decade period, centered on the dynamic interaction between the Japanese Ministry of International Trade and Industry, Japanese auto producers, and the U.S. government. The study describes the Japanese dilemma in adopting the 1981 Voluntary Export Restraint Agreement, which was the product of consultation, if not formal negotiation, between Washington and Tokyo.
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