Clinton's Foreign Trade Policies
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This paper studies foreign trade policy during the Clinton administration. The paper analyzes decisions and actions in two of Clinton's top priority areas: (1) the trade imbalance between the U.S. and Japan and (2) the trade status of China. The paper begins by discussing U.S.-Japanese relations, including their impact on financial instability in Asia. The paper attempts to understand how increased stability would behoove the U.S. and how attempting to affect that change would impact fiscal policy regarding Japan. Then the paper turns to U.S.-China relations, focusing on Clinton's desire to bestow Most Favored Nation status on China, in order to increase and improve trade. The paper weighs the benefit of increased trade against the cost of China's human rights violations.
From the Paper:"There are many doom-sayers in the U.S. predicting that what was the southeast Asian financial crisis of several years ago, will reemerge in Japan in an even more catastrophic way, which would seriously impact trade agreements, import/export statistics and even the average American consumer who buys millions of Japanese-made products, from computers to microwave ovens. What made the situation in Japan worse than experts anticipated was the steady fall of the Japanese exchange rate, falling by more than 10% from March, 1998 through June. At the same time, Japan entered a recession, registering negative growth in the fourth quarter of 1997 and the first quarter of 1998."
Cite this Essay:
Clinton's Foreign Trade Policies (2006, July 04) Retrieved February 21, 2024, from https://www.academon.com/essay/clinton-foreign-trade-policies-67300/
"Clinton's Foreign Trade Policies" 04 July 2006. Web. 21 February. 2024. <https://www.academon.com/essay/clinton-foreign-trade-policies-67300/>