This study compiled for the Trilateral Commission, for which the Japan Center for International Exchange acts as Japanese secretariat, outlines an approach to trade and financial affairs for a Western strategic doctrine on relations with the East that presumes an overriding need to maintain peace, a need for a balanced stand-off in military capability, and a rivalry between the two sides in attempting to extend the influence of their competing political systems. The authors examine the history of trade and capital flows between West and East since the end of World War II, the key economic sectors in which future expansion might be expected to occur, and practical policies for a general and mutually beneficial expansion of economic relations in the future.
The authors' argument rests on the sheer fact of economic geography between East and West: were it not for basic political differences, there would naturally be a broad two-way flow of materials, products, and services between the two areas. Assuming, then, that the West can, without weakening its own relative strength, realize economic gains from a renewed expansion of trading relations with the East during the course of the 1980s, this study specifies constraints or boundaries to trade (sensitive technology, etc.), with economic relations then free to run their course within such boundaries.
One appendix is included: "Summary of Discussion at Plenary of Trilateral Commission, Tokyo, April 6, 1982."
- East-West Economic Relations since World War II
- Potentials and Problems in Key Economic Sectors
- The Realistic Prospects for Trilateral Policy
- Conclusion: Constraints and Opportunities
- Robert V. Roosa, Partner, Brown Brothers Harriman & Co.
- Armin Gutowski, President, Hamburg Institute for Economic Research
- Michiya Matsukawa, Senior Advisor to the President, Nikko Securities
- William M. Reichert, Brown Brothers Harriman & Co.
New York: New York University Press, 1982
ISBN 0-8147-7386-9; 127 pages; paper