Publication

This paper focuses on US trade deficits with Japan and other Asian countries. The author states that although it might seem that Asia is the source of the US's trade problems, the country’s best markets are in East Asia. He warns that the US's misplaced anxiety about Asia and overemphasis on Latin America, could relegate the US increasingly to the Western Hemisphere and that this in turn could lead to the hardening of the world into three blocs: Europe, the Americas and Asia.