United States International Economic Policy in Action: Diversity of Decision Making.Stephen D. Cohen , Ronald I. Meltzer

1985 ◽  
Vol 47 (3) ◽  
pp. 1001-1004
Author(s):  
William Scheuerman
Keyword(s):  
United States ◽  
International Economic ◽  
Economic Policy

Economic Superpower in an Age of Limits

2014 ◽  
Vol 21 (3) ◽  
pp. 278-298
Author(s):  
Yu Takeda
Keyword(s):  
United States ◽  
International Economic ◽  
Economic Policy ◽  
Large Scale ◽  
Developed Countries ◽  
The United States ◽  
Policy Coordination ◽  
The Other ◽  
Bilateral Cooperation ◽  
Perceptual Changes

This paper examines macroeconomic policy coordination between Japan and the United States under the locomotive strategy from 1977 to 1979. Previous studies have described the strategy as a fiasco because of its negative economic impact. In fact, the Japanese government, after two years of stimulus packages, quit trying to be a locomotive bringing other developed countries out of their economic difficulties and the u.s. government admitted it in 1979. On the other hand, as this article shows, bilateral cooperation with the United States under this strategy expanded the roles and burdens of Japan, an emerging economic superpower, in international economic policy coordination. Japan’s efforts to implement the strategy made the u.s. government believe that Tokyo would continue to respond to its request to bear larger international responsibilities, while it also increased awareness of Japan’s global role in Tokyo. These bilateral perceptual changes paved the way for subsequent policy coordination and Japan’s assumption of greater burdens, notably the adoption of large-scale stimulus packages under belt-tightening budgets.

International Economic Structures and American Foreign Economic Policy, 1887–1934

1983 ◽  
Vol 35 (4) ◽  
pp. 517-543 ◽  
Author(s):  
David A. Lake
Keyword(s):  
United States ◽  
International Economic ◽  
Economic Policy ◽  
World War I ◽  
Economic Structure ◽  
The United States ◽  
West Germany ◽  
International Economy ◽  
World War ◽  
Foreign Economic Policy

American foreign economic policy between 1887 and 1934 was shaped in important ways by the international economic structure and the position of the United States as a “supporter” within it. As Britain's hegemony declined, and particularly after it joined the United States as a supporter just prior to World War I, American foreign economic policy became more liberal and active. Once Britain was transformed from a supporter into a spoiler in the late 1920s, leaving the United States as the sole supporter within the IES, both the international economy and American policy became more unstable and protectionist. During the 1970s, the United States, West Germany, and France all emerged as supporters within the IES, indicating that a moderately stable and liberal international economy may continue to exist in the future.

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